Shop 2/52 Adelaide Street Fremantle WA 6160

Northbridge Sales & Leasing, together with Aurange Realty as Joint Exclusive Selling Agents, have the pleasure of presenting this retail property to the market.

Discover a premier investment opportunity in Fremantle's revitalized core - This property is currently leased to "Freo Convenience Store" on a 2-year lease with a 3-year option, providing a net income of $31,000 per annum to the owner. The tenant covers all outgoings in addition to the rent.

Key Features:
Prime Location: Located within Fremantle's vibrant new centre, adjacent to national retailers like Chemist Warehouse and Target. Fremantle is experiencing a transformative $1.3 billion revitalization, enhancing the area's appeal.

Modern Building: Only 2 years old, the property benefits from a contemporary mixed-use design, with over 70 residential apartments above, ensuring ongoing foot traffic and community engagement.

Industrial Charm: The 67m2 space boasts an industrial design with concrete floors, overhead lighting, and a 6-meter-high ceiling. The glass shopfront offers excellent visibility on Adelaide Street and benefits from strong pedestrian traffic due to its proximity to high-profile retailers and a bus stop directly in front.
All of the above attributes provide for a robust foundation for the tenant's current and future trading success.

Investment Highlights:
• Net Income: $31,000 per annum
• Outgoings (Paid by Tenant):
Strata Levies: Approximately $4,457 per annum
Council Rates: $4,112.11 (FY24)
Water Service Fee: Approximately $1,135 per annum
• 1 x car bay, secure and under cover is included and forms part of the ownership title.

For more information, please contact Annie or Jason as the Joint Exclusive Selling Agents.