This leased investment, prominently located on Douro Road, represents a very rare opportunity to secure a commercial premise within the highly sought-after South Fremantle precinct; being located within walking distance to South Beach, South Terrace, and with close proximity to the Fremantle Town Centre.

Highlights:

• Multi-Award winning development designed by Motus Architecture;
• Extensive frontage & excellent street exposure;
• Four (4) x onsite secure, under cover car bays;
• NBN connected, with fibre to the building and CCTV security;
• 4-Star green star equivalent rating (whole building);
• Zoned “Mixed Use”, multiple uses, STCA; and
• A fully leased investment opportunity offering solid yields.

Description:

The property is part of an award winning three (3) level mixed use development, with four (4) ground floor commercial units and twenty (20) modern studio apartments.

Other Property Details:

Asking Price: Offers from $575,000 (no GST - Going Concern Basis)

Legal Description: Lot 2 on Strata Plan 70380 Certificate of Title Volume 2916 Folio 705

Area: 105 sqm (plus the exclusive use of the alfresco area approx. 22.7 sqm)

Car Parking: Excellent onsite parking, with four (4) x allocated under cover secure bays: plus free street parking and bike racks.

Tenure Type: Tenanted (further details upon request)
• Current Lease (09/02/2021 - 08/02/2026)
• Annual Fixed Rent Reviews (2%)
• Rental (Net): $32,986.80 (incl GST) - excludes mgmt & audit fees

Estimated Outgoings: (Payable by Lessee - Details upon Request)

Zoning/Use: City of Fremantle - LPS4 Local Centre Zone

GST: The seller intends to sell on a Going Concern basis