JLL as exclusive selling agents are proud to bring to market 108 Marine Terrace, Fremantle. A high profile, dual street-frontage corner site with significant value-creation opportunities within in the historic and developing Fremantle locality.
This 1,505sqm* freehold corner site is situated just 1.2km from everything you could possibly need including a vibrant food and beverage precinct within Fishing Boat Harbour and the South Fremantle café strip. The locality of the site also benefits from being in a prominent marine service industry to further support commercial activities and provides redevelopment potential under the current South Fremantle Local Planning Scheme precinct 4.
Current improvements on the land include a two-storey office and rear warehouse totalling 1,924sqm* building area. Future uses entitled to the land include offices; consulting rooms; medical; warehouse; civic uses and the potential for a medium density residential development at the discretion of council/development.
Key Features:
- Land Area: 1,505 sqm *
- Building Area: 1,924 sqm *
- Interest Offered: 100% Freehold Interest
- Local Authority: City of Fremantle
- Zoning: 'Mixed-Use R35' under the City of Fremantle Scheme No. 4; Permitted
- Building height: Maximum 18m plus bonuses STCA
- Encumbrances: The site will be sold free of encumbrances
- Frontage: 92m* to Queen Vic Street and 30m* to James Street
- Occupancy: Vacant Possession
Fremantle has gathered continuous support over the past 3 years by developers - currently over $621 million dollars has been invested since 2019 and underpins the proposition that Fremantle is continuously evolving to match the cultural hub it is so proudly known for. 108 Marine Terrace is a rare opportunity to acquire a corner site on one of the most dynamic strips in Fremantle and represents a prime redevelopment and value add opportunity.
The property is offered for sale via an Offers to Purchase closing Thursday 14th July 2022.
For further information or to arrange an inspection of this property, please contact:
Ross Palframan +61 421 748 874
Sean Flynn +61 412 779 987
*Approximately
