<b>Geraldton, WA</b> is a vibrant coastal city located about 400 km north of Perth, serving as a key regional hub for the Mid West. Known for its stunning beaches and active port, Geraldton combines natural beauty with economic strength, attracting both residents and businesses.<br><br>The city’s economy is diverse, driven by industries such as mining, fishing, agriculture, and tourism. Geraldton Port plays a crucial role in exporting grain, iron ore, and mineral sands, making it a vital link in Western Australia’s supply chain. Recent infrastructure upgrades, including road and port improvements, have boosted its strategic importance, supporting continued economic growth.<br><br>Geraldton’s commercial property market benefits from steady demand, particularly in retail, logistics, and industrial sectors, with relatively low vacancy rates. Its position as a service center for surrounding mining and agricultural areas further solidifies its economic resilience.<br><br>As part of Western Australia’s expanding regional network, Geraldton stands out for its blend of coastal lifestyle and commercial opportunity. Backed by the state's strong economic performance and ongoing infrastructure investments, it remains a solid choice for investors seeking long-term growth potential.

Summary: Most of the tenants own the property in a unit trust, with varying amount of ownership. A few wanted to keep the asset whilst one or two needed to disolve the unit trust for cash. (very common for unit trusts)<br><br><b>1. Paul Buise Pty Ltd for the Paul Buise Pharmacy Trust</b> - (Pharmacy) - Wanted to keep the property in the trust as it was performing well. A very committed tenant after spending circa $1,000,000 on their fitout. One machine being a compounding machine for medican, very rare to come by.<br> <br><b>2. Clinical Laboratories (WA) Pty LTD</b> - (Pathology) A very committed tenant after just signing a 5 year lease (with 3 year option)<br><br><br><b>3. Divine Dental</b> - (Dentist) Has invested in equipment that would be extremely hard to move. <br><br><b>4. City Health Pty Ltd </b>- (GP) This tenant is open to being a head leased tenant, meaning all other tenancies rent from them. This shows great commitment to the property as all the risk of renting the property would fall to them.<br><br><b>5. T &amp; Verryt Pty Let as Trustee for the Verryt Family</b> - (Skin Clinic) Recently purchased business, which the location was a major factor. All clients are local and are expected to extend once closer to expiriing lease.<br><br><b>6. AFHG Pty Ltd </b>- (Podiatrist) One of the very few <span style="color:rgb(51, 51, 51);">podiatrist</span> in the area who all want to be associated with the site do to referrals. <br><br><br><br>Tenant Details:<br><br><span style="color:rgb(51, 51, 51);"><b>1. Business name: Pharmacy 194</b></span><br><br>Pharmacy 194 is a locally owned and operated pharmacy located at 194 Durlacher Street, Geraldton, Western Australia, 6530. Serving the community for over 20 years, it offers a comprehensive range of health and personal care products, including first aid supplies, vitamins, supplements, skincare, cosmetics, and over-the-counter medicines. The pharmacy also specializes in home healthcare and mobility products, available for both purchase and hire. <br><br>As Geraldton's only compounding pharmacy, Pharmacy 194 has professionally trained pharmacists who can prepare customized medications to meet specific patient needs. Additional services include diabetes management support, MedsChecks, weekly medicines packs, blood pressure monitoring, cholesterol testing, immunization services, and home medicines reviews<br><br><br><b>2. Australian Clinical Labs</b><br><br>Australian Clinical Labs (ACL) is one of Australia's leading pathology service providers, offering a comprehensive range of diagnostic testing for doctors, patients, and commercial clients. Their services encompass various medical testing needs, including COVID-19 testing, antenatal screening, sexual health testing, and cancer diagnostics. They also provide specialized services such as pharmacogenetic testing and environmental water testing.<br><br>ACL operates an extensive network of collection centers and laboratories across Australia, ensuring accessibility and timely results for patients and healthcare professionals. For those in Sydney, New South Wales, ACL has multiple collection centers available. To find the most convenient location, you can use their online locator tool, which allows you to search by suburb or postcode.<br><br>In recent developments, ACL has been at the forefront of medical innovation. They have introduced the Melaseq™ test in collaboration with Geneseq Biosciences, a groundbreaking blood test capable of detecting melanoma before it becomes visible on the skin. This test measures specific biomarkers in blood and skin tissue, offering early diagnosis with a 97% accuracy rate. This advancement holds significant potential for improving treatment outcomes for individuals at high risk of melanoma.<br><br><br><b>3. Divine Dental Centre</b><br><br>Divine Dental Centre, located at 194 Durlacher Street, Geraldton, Western Australia, 6530, offers a comprehensive range of dental services. Led by Dr. Akansha, a general dentist with a special focus on cosmetic dentistry, the clinic provides treatments such as Invisalign, veneers, teeth whitening, dentures, implants, crowns, bridges, fillings, sealants, root canal treatments, and routine cleanings. Emergency dental care is also available.<br><br><br><b>4. City Health Geraldton</b><br><br>City Health Geraldton is a comprehensive healthcare facility located in Geraldton, Western Australia. The center brings together a range of experienced healthcare professionals to offer high-quality, family-friendly multidisciplinary care to patients. Their leading General Practitioners specialize in Family Medicine, Men's &amp; Women's Health, Children's Health, Skin Cancer, and Minor Surgery.<br><br>In addition to general practice services, City Health Geraldton offers nurse services and a variety of allied health fields, including Podiatry, Physiotherapy, Dentistry, and Skin Aesthetics. The practice also features a children's play area and houses several on-site facilities such as Pharmacy 194 (with a drive-through option), a Pathology Centre, Skin Geraldton Medical and Cosmetic Clinic, Physiotherapist services, and Divine Dental.<br><br><br><b>5. Skin Geraldton </b><br><br>Skin Geraldton is a leading cosmetic clinic located at 194 Durlacher Street, Geraldton, Western Australia, 6530. Established over a decade ago, the clinic specializes in non-invasive cosmetic treatments, combining medical, dermal, and beauty therapies to address various skin concerns. <br><br><span style="font-weight:normal;">Services Offered: Non-Surgical Cosmetic Enhancements, Intense Pulsed Light (IPL) Rejuvenation and Hair Reduction, Tattoo Removal, Advanced Skin Needling, Chemical Peels, Cosmetic Mole &amp; Skin Tag Removal, Cosmelan Treatments, Dermaplaning, Carbon Laser Facial, Body Contouring and Skin Tightening, Bridal Packages.</span><br><br>The clinic emphasizes education and personalized care, delivering honest advice and exceptional results through a highly qualified and experienced team.<br><br><br><b>6. Geraldton Podiatry Clinic</b><br><br>Ankle &amp; Foot Health Group (AFHG) is a leading podiatry practice in the Mid West region, specializing in the prevention, diagnosis, treatment, and rehabilitation of foot, ankle, and lower limb conditions. Their services include shockwave therapy (ESWT) to stimulate healing, gait analysis for foot mechanics assessment, VACOped for modern alternatives to plaster casts, custom foot orthotics, foot mobilization techniques, and specialized footwear from brands like Revere and Dr. Comfort. With locations at 66 Fitzgerald St, Geraldton, and City Health at 194 Durlacher St, Geraldton, AFHG provides comprehensive care for a wide range of foot and ankle issues.

Post uplift yield calculator:<br><a style="color:rgb(51, 51, 51);display:inline;" target="_blank" href="https://www.rethinkinvesting.com.au/calculator-result/ryc_q4wrv3vp"><u>https://www.rethinkinvesting.com.au/calculator-result/ryc_q4wrv3vp</u></a><span></span>

Subject Property: 194 Durlacher Street, Geraldton – 1,218sqm - $350/sqm (spread across 7 tenants) 8B Chapman Rd, Geraldton – 300sqm - $500/sqm ($352/sqm after incentives) 1 Fortyn Court, Mahomets Flats - 80sqm - $330/sqm (retail) More to come during DD, for a medical tenants this is at or slightly below market.

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