The Agency Projects and ProProperty Group present for sale, this unique leased investment opportunity at 30 Arundel Street, Fremantle. This property is a tastefully renovated federation home built in 1822, offering a blend of historic charm and modern comfort.
The property features 9 spacious studio apartments and one 3 bedroom house, providing ample space for guests or tenants. Additionally, it includes two parking spaces, adding to its appeal and functionality.
The location of this property is one of its biggest selling points. Situated in the heart of Fremantle, it's within walking distance of the famous Fremantle Markets, Cappuccino Strip, and a variety of restaurants, cafes, pubs, wine bars, and shops. This prime location ensures a steady flow of patrons, contributing to high occupancy rates and a steady income stream.
The investment comes with a brand new 5-year lease, with 2 further 5-year options. The lease is for $180,000 + outgoings + GST, providing a predictable and steady income stream for the investor.
Key Highlights Include:
- Land Area: 607sqm
- Building Area: 480sqm Approx.
- Leased Investment
- R35 residential zoning (STCA)
- Estimated Fully leased net rental: $180,000 p/a
- 2 tandem Car Bays
In summary, this property offers a unique blend of historic charm, modern comforts, and a prime location. It presents a lucrative investment opportunity in the thriving hospitality industry of Fremantle.
Whether you're an experienced investor or looking to make your first investment in the real estate market, this property is worth considering.
As this property is an operating B&B, please call Daniel-Paul Filippi 0412 991 361 or Chris Tana on 0437 158 255, to arrange a private inspection, or for more information.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
Disclaimer:
This information is provided for general information purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.
