0488 847 018 - Enter Phone Code when prompted.
Expression of interest for this Rare Opportunity
The Phone Code for this property is: 32863. Please quote this number when phoning or texting.
HUGE 9.2% potential return, currently returning 7% with long term tenants, this is an investors dream opportunity! i say 9.2% return due to having two empty retail sections, if these were tenanted it would achieve 9.2% MINIMUM with potential to expand further.
A corner landholding having a total land area of 6,431m2, located at a popular intersection in the prominent suburban locality of Bluff Point, situated some 4 kilometres north of the Geraldton city centre and less than 1km from the beach.
The land is improved with a refurbished single level group of shops divided amongst 8 tenancies and a newer separate single level group of shops divided amongst 3 tenancies, the centre having a total net lettable area of 1969m2.
In addition to construction of the new building, the original centre has undergone a "cosmetic external facelift" inclusive of car park resurfacing and remarking of car bays. This work has improved the external appearance of the centre with fascia upgrade and rendering etc.
Current tenants have long leases and include:
- BANKWEST ATM
- BLUFF POINT DELI
- VACANT POTENTIAL ( 330 METRES SQ )
- GEARING BUTCHERS
- BLUFF POINT DOCTOR SURGERY (24 HOUR MEDICAL CENTRE)
- ORIGIN INDIA
- NOODLE KING
- POST,LOTTO NEWSAGENT
- TERRY WHITE CHEMIST
- CONCEPT HAIR /BEAUTY
- VACANT POTENTIAL (102 METRES SQ)
- MUZZ BUZZ
If you would like any further information, please send through an enquiry.
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