1 Howard Street resides in a premium location as one of the very few remaining substantial development opportunities on the Esplanade Park waterfront in Fremantle.
Development potential The property presents the opportunity for development with local council encouraging the potential for a 3 storey mixed use development in the future (STCA). The property presents a smorgasbord of options which could include:
- Demolishing and starting an entirely new development - Adding further levels to the existing building (development concepts available) - Consolidating the existing tenancies and leasing the vacancies to grow the income and develop sometime in the future
Return on investment Net passing income of $80,764pa Potential fully let net income of $116,519pa
Leases have deliberately been kept short to allow for potential redevelopment.
Expressions of Interest closing Thursday, 8 July 2021 at 5pm (AWST)
For further information or to arrange an inspection please contact:
Brett Wilkins Ray White Commercial (WA) M: 0478 611 168 E: brett.wilkins@raywhite.com
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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