Lot 1001 / 27 Amherst Street, FREMANTLE WA 6160
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- 4 Apr 2017
Development Opportunity with Holding Income
- Prime site.
- Land area 7,785sqm.
- Current holding income of $80,000 pa net + GST.
- Outstanding potential medium density development
- Existing on site office/warehouse.
- Short drive to Fremantle Town Centre.
Burgess Rawson are pleased to offer for sale by Offers Invited Lot 1001 / 27 Amherst Street, Fremantle. This 7,785sqm block comprises an existing office/warehouse with a holding income as well as an outstanding future development opportunity.
Located opposite the Knutsford Street East Redevelopment area, this site sits within an emerging and exciting redevelopment precinct, only minutes from Fremantle Town Centre and with great access to Stirling and Leach Highway.
Lot 1001 on Deposited Plan 400898 Volume 2900 Folio 473.
Situated on the site is a large office/warehouse surrounded by ample hardstand and parking.
The property is leased for 5 years from August 2015 at a current rental of $80,000 pa net.
There is a 12 month redevelopment clause in the lease. Refer selling agent for further details.
The property is zoned ‘Urban’ under the MRS and ‘Public Utility Purpose’ under the City of
Fremantle Local Planning Scheme No. 4. Any future development on the site will require a
rezoning. The adjoining land is zoned R60-R100.
Goods and Services Tax
The sellers are registered for GST and the property will be sold as a ‘Going Concern’.
Sale Conditions and Closing Date
The property is offered for sale by ‘Offers Invited’ closing 2.00pm (WST) Thursday, 23 June
2016. Offer documentation is available from the selling agent. Offers are to be lodged in the
submission box at the office of Burgess Rawson, Level 7, 221 St Georges Terrace, Perth before the closing time.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
Lot 1001 / 27 Amherst Street FREMANTLE