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56 Marine Terrace Fremantle WA 6160

  • Development / Land
  • 2,058 m²
  • For Sale, Offers Invited

First Class Fremantle Development Opportunity With Holding Income

    + Land area 2,058sqm
    + 53 metre frontage to Marine Terrace
    + Short term leases - 3 years
    + Income $260,350 pa net

    Introduction
    Burgess Rawson are pleased to offer for sale by Offers Invited ths superbly located corner development site opposite Esplanade Park and Fishing Boat Harbour, Fremantle. The property resides on a 2,058sqm parcel of land enjoying a 53 metre frontage to Marine Terrace.

    Location
    Situated on the corner of Marine Terrace and Norfolk Street. The property resides in a premium Fremantle location as one of the very few remaining substantial development opportunities on the Esplanade Park waterfront.

    Improvements
    Two level commercial building of brick and colourbond construction. Parking is located at the side and rear of the building accessed from Marine Terrace or Norfolk Street. The building has the following approximate areas:

    Ground Floor 831sqm
    First Floor 597sqm
    Total Building Area 1,428sqm

    Legal Description
    Lot 12 on Diagram 70450 Certificate of Title Volume 1739 Folio 810

    Land Details
    Frontage to Marine Terrace 53.72 metres
    Frontage to Norfolk Street 31.29 metres
    Total Land Area 2,058sqm

    Zoning
    The City of Fremantle advise that the property is zoned 'City Centre'.

    Income Details
    The property is leased until early 2024 to two tenants with an approximate income of $260,350 pa net. Refer Selling Agents for further details.

    Possession
    The property is offered for sale with the current Leases. Please refer Selling Agents for further details.

    Goods and Services Tax
    The sellers are registered for GST and the property will be sold as a Going Concern.

    For further details please contact the Selling Agents.

    *Approx

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Property Highlights

    Property ID2016836414
    Floor Area2,058 m²
    Land Area2,058 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  28 Apr 2021
    Map for 56 Marine Terrace Fremantle WA 6160
    Map for 56 Marine Terrace Fremantle WA 616056 Marine Terrace Fremantle WA 6160
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Property Highlights

    Property ID2016836414
    Floor Area2,058 m²
    Land Area2,058 m²
    EnergyAsk Agent
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  28 Apr 2021
    Burgess Rawson
    Level 10 225 St. George's Terrace Perth WA 6000
    Rob Selid
    Burgess Rawson
    Rob Selid
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson
    Luke Randazzo
    Burgess Rawson

    Ask Rob Selid about this property

    Rob Selid

    Rob Selid

    Burgess Rawson

    Luke Randazzo

    Luke Randazzo

    Burgess Rawson

    0412 *** ***
    0412 198 294

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