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73 Forrest Street Geraldton, WA 6530

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73 Forrest Street,
Geraldton, WA 6530

Medical & Consulting • Offices

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Map of 73 Forrest Street

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Tenanted Office Investment Opportunity

Positioned on the busy Forrest Street, the property is surrounded by a mix of buildings that cater to small businesses and professional services. It enjoys a well-connected location, situated within 500 metres of prominent national and international brands such as McDonald's, Harvey Norman, Bendigo Bank and Winc, among others.

The building offers approximately 330m2 of office space, featuring a practical layout with a reception area, partitioned offices, storage/server rooms, kitchenette, air conditioning, and toilet facilities. High ceilings throughout the simple rectangular structure provide flexible and functional space, adaptable to a variety of business needs. Rear parking is available for tenants and visitors.

The property is currently leased to a long-term tenant, generating an annual rent of $43,636 + GST, plus outgoings. The tenant has recently exercised a lease extension, securing their occupancy until 30 June 2028.

Zoning: Mixed Use
Council Rates 2023/24: $7,423.53pa approx.
WaterCorp Rates 2023/24: $2,210.28pa approx.

An Information Memorandum and property viewings are available by request through Exclusive Agent Activewest Real Estate to qualified buyers to assist with independent due diligence. Contact Sam Scally on 0498 444 3... or Matt Poynton on 0437 770 3....

Disclaimer:
The information contained in this report is published by Activewest Real Estate as agents for the Seller, solely for potential purchasers to assist them in deciding whether they wish to make further enquiries with respect to the property. None of the information contained in this report constitutes any representation or offer by the Seller or the Seller's Agent. Prospective purchasers and their advisers should make their own enquiries to satisfy themselves as to the accuracy of the information provided.

Geraldton, 6530 demographic data

The median household income for Geraldton is $1,142, 28% lower than Regional Western Australia's household income of $1,597. Geraldton has an older age profile compared to the rest of Regional Western Australia (median age 47 vs 40). Property ownership data shows 39% of property owners in Geraldton have a mortgage.

3,246
Population
$1,142 per week
Median household income
47 years
Median age
Owners
Most residents
Families
Most households
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73 Forrest Street
Geraldton, WA 6530

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