Rare Fremantle Development Opportunity with Holding Income

96 Marine Terrace, Fremantle, WA, 6160

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 820 sqm 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.

 

 

 

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For Sale
  • Floor Area199 m2
  • Tenure TypeTenanted
  • Building820
  • MunicipaltyFremantle
  • Car Spaces13
  • Parking CommentsOnsite parking, which will allow up to approx. 13 x car bays, plus free street parking opp. CAT Bus stop.
  • Amenities
    • Public Transport
    • End of Trip Facilities
    • Bike Storage
    • Cafes
    • Shopping
    • Parking