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With superb street exposure this will appeal to a wide-array of astute commercial property & SMSF investors.
Property Highlights:
• Boutique West End Location
• Superb Street Exposure
• Multiple Uses Permitted
• Exclusive Use – One (1) Undercover Secure Car Bay
Sales Price:
• 4/37 Pakenham Street, Fremantle (61sqm) – $580,000 (excl GST)
Legal Description:
• 4/37 Pakenham Street, Fremantle – Lot 4 on SP 42245, CT Vol 2526, Fol 819
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 (Local Heritage & State Heritage registrations apply)
Tenure Type: 4/37 Pakenham St, Fremantle
• Retail Lease
• Current Lease Expiry: 25/10/2025 (Holding Over)
• Additional Option/s: Nil
Estimated Outgoings (FY25/26): (Tenant Recoverable)
• Council Rates: $2,080.35 pa
• Water Rates: $1,644.36 pa
• Strata Levies: $3,100.00 pa
Inspections:
• Available upon request
Goods and Service Tax: The above figures are quoted exclusive of GST 10%. GST will apply where applicable.
After a period of economic uncertainty, Australia’s commercial property market is set for significant change in 2025. With inflation showing signs of easing and interest rate cuts anticipated in the latter half of the year, the sector is poised for recovery.
Norfolk Commercial has completed the leasing of over 1,000 sqm of prime office space in Fremantle across three centrally located properties.
Offshore and local investors are returning to commercial property, with strong interest in Perth’s office, retail and industrial markets. Norfolk Commercial explores the trends driving renewed investor confidence