+ Land area 2,033sqm
+ Zoned 'City Centre'
+ Holding income
+ Rare large freehold opportunity
+ First time offered in over 50 years
Burgess Rawson are pleased to offer for sale by Offers Invited this unique site comprising a large 2,033sqm block with two well presented freestanding two storey buildings.
Both comprise multiple tenancies with a variety of professionals netting an estimated income $186,006* pa. The property is anchored by long term tenant Gregs Chemist. There are also a number of vacancies affording the opportunity to increase that net income.
Improvements
The property comprises two freestanding buildings. The first being a heritage listed two storey federation style masonry building built in 1886. The building has had a range of uses in the past and has approximately 263*sqm of Net Lettable Area. The second building being a newer two storey commercial building hosts a range of tenants including the Chemist and first floor commercial and medical operators.
The property also has a freestanding coffee shop at the front facing High Street.
The property offers the opportunity of on-going income whilst redeveloping and repurposing the other parts of this historical piece of Fremantles history.
Land Area
2,033sqm
Car Parking
The property has 39 onsite parking bays and a 40 metre frontage to High Street and 50 metre frontage to the adjoining park reserve.
Zoning
According to the City of Fremantle Local Planning Scheme 4 the property is zoned City Centre Zone with a range of permissible uses and development opportunities.
Legal Description
Lots 15 on Diagram 75914 Certificate of Title Volume 1842 Folio 16.
Possession
The property will be sold with the existing Leases. Please refer Selling Agents for further details.
Heritage
Elements of the property are on the State Heritage Register. For further information please contact the selling agents.
Asking Price
Offers Invited
For further details please contact the selling agents.
*Approx
