Development Opportunity with Holding Income

lot 1001 / 27 amherst street, fremantle wa

Price: Offers Invited

Property Details

- Prime site.
- Land area 7,785sqm.
- Current holding income of $80,000 pa net + GST.
- Outstanding potential medium density development
opportunity.
- Short drive to Fremantle Town Centre.
- Existing on site office/warehouse.

Introduction
Burgess Rawson are pleased to offer for sale by Offers Invited Lot 1001 / 27 Amherst Street, Fremantle. This 7,785sqm block comprises an existing office/warehouse with a holding income as well as an outstanding future development opportunity.

Location
Located opposite the Knutsford Street East Redevelopment area, this site sits within an emerging and exciting redevelopment precinct, only minutes from Fremantle Town Centre and with great access to Stirling and Leach Highway.

Title Details
Lot 1001 on Deposited Plan 400898 Volume 2900 Folio 473.

Land Area
7,785sqm

Improvements
Situated on the site is a large office/warehouse surrounded by ample hardstand and parking.

Possession
The property is leased for 5 years from August 2015 at a current rental of $80,000 pa net.
There is a 12 month redevelopment clause in the lease. Refer selling agent for further details.

Zoning
The property is zoned ‘Urban’ under the MRS and ‘Public Utility Purpose’ under the City of
Fremantle Local Planning Scheme No. 4. Any future development on the site will require a
rezoning. The adjoining land is zoned R60-R100.

Goods and Services Tax
The sellers are registered for GST and the property will be sold as a ‘Going Concern’.

Asking Price
The property is offered for sale by ‘Offers Invited'.

Featured Details

Land Size 7,785 sqm
Rent Period Annually

Property Enquiry

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E perth@burgessrawson.com.au

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