CBRE IS DELIGHTED TO OFFER 'SOUTH TERRACE PIAZZA' TO THE MARKET FOR THE FIRST TIME IN 33 YEARS - A TRULY GENERATIONAL PURCHASE OPPORTUNITY IN THE HEART OF FREMANTLE, JUST AS THE CITY'S MODERN RENAISSANCE GAINS SERIOUS MOMENTUM.
Comprising 3,915 sqm of accommodation, South Terrace Piazza has an extensive 76m of prime retail frontage to the Fremantle main street of South Terrace, while the 'Piazza' acts as a primary thoroughfare linking through to the recently delivered 'Kings Square' precinct.
The asset is anchored by a long-term lease to the 'The Entertainment & Education Group' backed Timezone, an institution of the Fremantle strip having operated in the location for over 40 years. TImezone is complimented by a further mix of eateries, retail, entertainment and office tenancies to create the well known 'Piazza' atmosphere.
With a supportive view of appropriate development being shown by the city's planners in recent years, tremendous potential for repositioning and significant redevelopment of the South Terrace Piazza is on offer for Purchasers.
Fremantle, behind the Perth CBD, is renowned to be one of WA's most visited tourist destinations known for its inclusive and diverse identity and culture, backed by strong direct and indirect economic drivers. The historic Fremantle markets sits on the doorstep of the recently completed Kings Square, the largest ever public-private infrastructure project completed in the City.
Some of WA's most creative and influential developers, including Fiveight (Andrew Forest), AMB Capital (Angela Bennet), Silverleaf Investments (Gerard Obrien), Hesperia (Adrian Fini) and the Prendiville Group are behind a variety of substantial projects planned or underway in the Fremantle CBD. The next 5-10 years in Fremantle is shaping up to be the area's most exciting since the America's cup of 1988.
An opportunity to acquire the centrepiece of such an important Fremantle location is truly rare, particularly at such a pivotal moment for Fremantle and the state of WA as a whole.
The property is offered for sale via offers to purchase, campaign closing 3pm (AWST) Wednesday 13th October 2021.
