16 Baker Street Geraldton, WA 6530

Tucked away in the tightly held Service Commercial precint this quality property represents an attractive opportunity for both investors and owner occupiers, or something in between.

With 480sqm of quality, flexible, well serviced warehouse area at the front of the property, and another 144sqm shed at the rear the opportunities are endless.

Three long term quality tenants are keen to stay on in the front warehouse, and have each signed non binding expressions of interest to try to secure a lease should an investor decide to snap this one up. This leaves the rear shed available to secure another tenant, or is available for personal use at the discretion of the owner. Providing a unique opportunity for the astute buyer for ample space to store boats, cars and toys at the rear, while receiving a strong holding income from the front warehouse.

Two internal tenancies in the front shed have been fitted out to a high specification including partititon walls, ceiling and lighting grid, and are currently used as a Jiu Jitsu studio and commercial coral farm.

Alternatively, if your business requires the whole 624sqm shed space for your operations then vacant possession is available. With interesting signage opportunities to impact the busy intersections of Johnson St, Eastern Rd and North West Coastal Hwy due to the unique lot layout - subject to council approval.

Each shed has been cleverly designed with each bay having its own set of roller doors and toilet facilities, providing further flexibility to divide the space for multiple tenants as the need arises.

The property is zoned Service Commercial which as per the scheme text intended to provide for a broad range of uses including wholesale sales, showrooms, trades and services, with good vehicular access and a high level of amenity.

This pocket of Geraldton is very tightly held, so opportunities like this dont come around often.

Property highlights include:

• 624sqm of quality warehouse
• 2002sqm lot size
• Two high quality internal tenancies
• 13 car bays on title
• EOI from 3 sitting tenants to remain on market rates, but
• Vacant possession available
• 15 kW solar system with 72 x 275W panels in place
• Just over 1km to the town centre
• 2km to the Port
• 1.6km to the Batavia Marina boat ramp

***This property has a price guide of early $1 million***

Contact exclusive commercial selling agents Ray White Geraldton Dongara for more information or to arrange a viewing.

***All offers will be presented at 4pm November 21st, the vendor reserves the right to sell prior***

DISCLAIMER
*Please be advised that this information has been supplied to the best of the agent's knowledge; however, it is always advisable for you to complete your own research and due diligence in these matters.