This leased investment, prominently located on Douro Road, represents a very rare opportunity to secure a commercial premise within the highly sought-after South Fremantle precinct; being located within walking distance to South Beach, South Terrace, and with close proximity to the Fremantle Town Centre.
Highlights:
Multi-Award winning development designed by Motus Architecture;
Extensive frontage & excellent street exposure;
Four (4) x onsite secure, under cover car bays;
NBN connected, with fibre to the building and CCTV security;
4-Star green star equivalent rating (whole building);
Zoned "Mixed Use", multiple uses, STCA; and
A fully leased investment opportunity offering solid yields.
Description:
The property is part of an award winning three (3) level mixed use development, with four (4) ground floor commercial units and twenty (20) modern studio apartments.
Other Property Details:
Asking Price: Offers from $575,000 (no GST - Going Concern Basis)
Legal Description: Lot 2 on Strata Plan 70380 Certificate of Title Volume 2916 Folio 705
Area: 105 sqm (plus the exclusive use of the alfresco area approx. 22.7 sqm)
Car Parking: Excellent onsite parking, with four (4) x allocated under cover secure bays: plus free street parking and bike racks.
Tenure Type: Tenanted (further details upon request)
Current Lease (09/02/2021 - 08/02/2026)
Annual Fixed Rent Reviews (2%)
Rental (Net): $32,986.80 (incl GST) - excludes mgmt & audit fees
Estimated Outgoings: (Payable by Lessee - Details upon Request)
Zoning/Use: City of Fremantle - LPS4 Local Centre Zone
GST: The seller intends to sell on a Going Concern basis