+ Land area 2,058sqm
+ 53 metre frontage to Marine Terrace
+ Short term leases - 3 years
+ Income $260,350 pa net
Introduction
Burgess Rawson are pleased to offer for sale by this superbly located corner development site opposite Esplanade Park and Fishing Boat Harbour, Fremantle. The property resides on a 2,058sqm parcel of land enjoying a 53 metre frontage to Marine Terrace.
Location
Situated on the corner of Marine Terrace and Norfolk Street. The property resides in a premium Fremantle location as one of the very few remaining substantial development opportunities on the Esplanade Park waterfront.
Improvements
Two level commercial building of brick and colourbond construction. Parking is located at the side and rear of the building accessed from Marine Terrace or Norfolk Street. The building has the following approximate areas:
Ground Floor 831sqm
First Floor 597sqm
Total Building Area 1,428sqm
Legal Description
Lot 12 on Diagram 70450 Certificate of Title Volume 1739 Folio 810
Land Details
Frontage to Marine Terrace 53.72 metres
Frontage to Norfolk Street 31.29 metres
Total Land Area 2,058sqm
Zoning
The City of Fremantle advise that the property is zoned 'City Centre'.
Income Details
The property is leased until early 2024 to two tenants with an approximate income of $260,350 pa net. Refer Selling Agents for further details.
Possession
The property is offered for sale with the current Leases. Please refer Selling Agents for further details.
Goods and Services Tax
The sellers are registered for GST and the property will be sold as a Going Concern.
Asking Price
$5,900,000 (GST Going Concern)
For further details please contact the Selling Agents.
*Approx
