On behalf of 54 Fitzgerald Pty Ltd, Colliers are excited to offer a unique and rare opportunity to lease in Geraldton’s newest precinct as part of the highly anticipated development of the ex Batavia Inn. The site comprising of 10,500sqm is being unveiled as a vibrant, mixed-use development including a combination of office, retail and amenity that is set to ignite the town centre back to life.
Vacant for over a decade, the future development will provide a place that the local community can be proud of, acting as a one-stop shop where you can work, shop, eat and play all under the one roof.
Up to 6,000sqm of flexible office space has been earmarked for the site, suitable for tenants who would like to cater to their staffs’ needs by being part of a commercial hub that has the added benefits of retail, lifestyle and premium amenity on the doorstep.
Tenants eager to secure a place in a thriving precinct are encouraged to express their interest by contacting National Director of Office Leasing, Jemma Hutchinson for premium office space and Director of Retail Leasing, Hadley Missell for retail space.
Colliers Director of Retail Leasing, Hadley Missell said, “Centrally located, the development is in a prime position to invigorate the precinct and attract foot traffic back to the area. With significant investment being funnelled into the revitalisation of Geraldton, and the job growth opportunities in the area, it’s now a great time to get in on the ground floor and be part of the success of this development.”
National Director of Office Leasing, Jemma Hutchinson added, “Geraldton’s expanding office market is attracting a wide range of sectors, with demand increasing due to the $332 million funding allocated for the Mid West Ports Authority developments. This new mixed-use development will provide a fantastic place for tenants looking to cater to their staff’s every need, with the premium amenities, cafes, bars, restaurants and retail all creating a highly desirable hub that will shape the future of the office market within the region.”
The City of Greater Geraldton will continue to experience a surge of investment in infrastructure renewals for the city with more than $16.5 million allocated (including $2.3 million of secured grants) to renewing existing assets and $9.4 million allocated to the New Capital Works Program in the 2022/23 financial year. This investment will continue to invigorate the economy and provide an important boost to the local economy (Source City of Greater Geraldton).
On top of this, key infrastructure projects in Geraldton like the Aquarena Outdoor Pool Upgrade, Glenfield Beach Drive Shared Path, GRAG Park Upgrade, Chapman Road Shared Path Cape Burney to Tarcoola Beach Shared Path and the Spalding Revitalisation Plan have added new elements, transforming the city and economic outlook of the region as a whole. This is all supported by the WA Government’s commitment to invest $332 million in Geraldton Port, which will help the Port meet the increased demand for associated services.
This in turn is predicted to have a large impact on the demographics of the region, with the City of Greater Geraldton expected to have approximately 45,700 residents by 2031, GapMaps forecasts show. Currently, Greater Geraldton supports approximately 16,600 jobs and has an annual output of $7.344 billion, according to Remplan.