Norfolk Commercial is pleased to present 195-197 High Street, Fremantle, which represents an incredibly rare opportunity to secure a significant and superbly positioned freehold property located in the heart of Fremantle's burgeoning CBD precinct.
Highlights:
Prominent High Street location with excellent exposure
Significant freehold parcel (2,033 sqm*)
Excellent signage opportunities
40.31 m* frontage to High Street
Ample onsite parking
Holding income options
Redevelopment potential (STCA)
(*approx.)
Sales Price:
Offers Invited
The Property:
The Property represents a sizeable inner-city freehold parcel of 2,033 sqm, with 40.31 m of street frontage to High Street and 50.45 m of exposure to the historically significant Queen's Square gardens. The Property currently comprises several freestanding structures representing the following approximate areas:
Building 1 - 195 High Street: 384.40 sqm (plus veranda areas: 185.64 sqm)
Building 2 - 197 High Street: 638.31 sqm (plus store/external areas: 11.47 sqm)
Ground Floor Retail/Kiosks: 86.87 sqm (includes kiosk storage area)
Total Gross Lettable Area: 1,109.58 sqm (plus external areas: 197.11 sqm)
Legal Description:
Legally identified as 195 High Street, Fremantle being Lot 15 on Diagram 75914 Volume 1842 Folio 16
Zoning & Heritage:
'City Centre' under City of Fremantle Local Planning Scheme No. 4
City of Fremantle - Local Heritage Survey 00937 (195 High Street, Fremantle)
City of Fremantle - LPP 2.23 Register of Significant Trees and Vegetation Areas (19-04 (Moreton Bay Fig Tree)
Tenure Type:
Multiple leases (both commercial & retail) are in place
Further details upon request
Car Parking:
The Property has up to thirty-five (35) allocated onsite, open car bays
Outgoings: (Estimates FY2022/23)
Council Rates: $28,286.99 pa
Water Rates: $8,460.57 pa
Land Tax: $23,356.00 pa
Goods and Service Tax :
The above figures are quoted exclusive of GST
