45 Phillimore Street Fremantle WA 6160

This exceptional investment is fully leased to Commonwealth Government represented by The Department of Immigration and Border Protection for a 3 + 3 year term commencing March 2017 with a net income of $125,000pa.

The building is prominently located in Fremantle's historic West End precinct and directly opposite Fremantle's Victoria Quay Inner Harbour, E-Shed Markets with immediate access to Fremantle's central Train Station, Bus Port and Ferry Terminals. Furthermore, it is in close proximity to Fremantle's famous retail and café strip, including restaurants, bars, iconic markets, entertainment amenities and accommodation options.

The property adjoins landmark Customs House, recently purchased by the University of Notre Dame and within immediate vicinity to core University Notre Dame Australia precinct.

Zoned City Centre the property provides flexibility to activate for a broad range of uses with versatile redevelopment options including retail, commercial, residential (R80 density) and mixed use concepts up to 3-4 storeys (STCA).

City of Fremantle is a strategic metropolitan centre currently undergoing extensive urban renewal including prominent new developments notably the Kings Square development (currently under construction) for over 20,000sqm of government leased office accommodation plus over 5,000sqm of specialised retail.

A rare and affordable investment with tremendous future redevelopment potential in a growth precinct.

For sale via Public Auction on-site on Friday 23rd March at 11.00am.