Located in the highly sought-after West End Precinct 38A, 38B & 38C Marine Terrace, Fremantle are part of the Old Bank Row mixed-use development directly opposite Esplanade Park (adjacent to the Esplanade Hotel).
This is an incredibly rare opportunity to secure a boutique commercial investment within Fremantle's historic West End precinct.
With superb street exposure & signage options this will appeal to a wide-array of astute commercial property & SMSF investors.
Sales Price: (GST will apply where applicable).
38A Marine Terrace (36sqm) - (Sold)
38B Marine Terrace (55sqm) - (Sold)
38C Marine Terrace (36sqm) - (Sold)
Legal Description:
38A Marine Terrace - Lot 1 on SP 24666, CT Vol 1968, Fol 45
38B Marine Terrace - Lot 2 on SP 24666, CT Vol 1968, Fol 46
38C Marine Terrace - Lot 3 on SP 24666, CT Vol 1968 Fol 47
Zoning/Use/Heritage: City Centre Zone, City of Fremantle - LPS 4. Existing Use: Retail & Office. Plus additional uses including Medical/Consulting, S.T.C.A*. WECA Heritage Area.
Tenure Type: (38A) Tenanted: Commercial Lease
Current Lease Expiry: 31/10/2023
Additional Option/s: Two (2) x two (2) years
Net Rental (Current): $12,000.00 pa plus GST
Tenure Type: (38B) Tenanted: Retail Lease
Current Lease Expiry: Monthly
Tenure Type: (38C) Tenanted: Retail Lease
Current Lease Expiry: 13/04/2025
Additional Option/s: One (1) x three (3) years
Net Rental (Current): $16,200 pa plus GST
Outgoings: Actuals (Tenant Recoverable):
Council Rates: (38A & 38C) $1,772 pa, (38B) $2,363 pa
Water Rates: (38A, 38B & 38C) $1,527 pa
Strata Levies: (38A & 38C) $1,196 pa, (38B) $1,664 pa
Goods and Service Tax: The above figures are quoted exclusive of GST 10%. GST will apply where applicable.
