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96 Marine Terrace
Fremantle WA 6160
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Sold on 21 Jun 2021

96 Marine Terrace Fremantle WA 6160

  • Development / Land
  • 820 m²
  • Sold, $2,000,000

Rare Development Opportunity With Holding Income

Norfolk Commercial is pleased to offer for sale this unique & fully leased development opportunity located opposite Fremantle's Fishing Boat Harbour. The property resides on an 820sqm parcel of land and enjoys an expansive prime street frontage.

Improvements
The one level commercial building consists of a refurbished, freestanding building (in addition to 2 x external separate areas to the main premises), with excellent onsite parking at both entry sides of the main building. The building has the following approximate areas:

Main Building: 145 sqm
External Building Area: 36 sqm
External Building Area: 8 sqm
Amenity: 10 sqm
Total Building Area: 199 sqm

Legal Description
Lot 123 on Diagram 11771 Certificate of Title Volume 1958 Folio 172

Land Details
Frontage to Marine Terrace 26.76 metres
Total Land Area 820 sqm

Zoning
Mixed Use Zoning, as per City of Fremantle Local Planning Scheme 4.

Income Details
The property is leased until mid 2022 with one (1) option period of two years, with an income of $43,000 pa net, plus outgoings which are payable by the tenant.

Sale Conditions
The property is offered for sale via offers from $2.2 million sold as a Going Concern.

Possession
The property is offered for sale with the current Lease.

For further details please contact the Exclusive Selling Agent.

Areas are approximate.

Norfolk Commercial
Norfolk Commercial
Suite 9, 3 Centro Ave
Subiaco, WA 6008

Property Highlights

Date Sold21 Jun 2021
Sold Price$2,000,000
Floor Area199 m²
Land Area820 m²
ParkingAsk Agent
Property ID2016945627
Category
Last updated  1 Oct 2021
Map for 96 Marine Terrace Fremantle WA 6160

Nearest transport* to 96 Marine Terrace Fremantle WA 6160

Bus
Train
South Tce After Grey St209 m
South Tce Before Grey St224 m
South Tce After Price St258 m
South Tce Before Price St274 m
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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Norfolk Commercial
Norfolk Commercial
Suite 9, 3 Centro Ave
Subiaco, WA 6008

Property Highlights

Date Sold21 Jun 2021
Sold Price$2,000,000
Floor Area199 m²
Land Area820 m²
ParkingAsk Agent
Property ID2016945627
Category
Last updated  1 Oct 2021

Listed by

Sonia Fairhead
Sonia Fairhead
Norfolk Commercial
Call
0421 541 996

More about 96 Marine Terrace Fremantle WA 6160

96 Marine Terrace Fremantle WA 6160 is categorized as Land & Development Property. It has a floor area of 199 m² and a land area of 820 m². The listing ID for this property is 2016945627.

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