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1 Howard Street, Fremantle, WA 6160

1 Howard Street, Fremantle, WA 6160

Offices Land/Development Other

  • For Sale
  • Offers Invited
  • For Sale
  • Under Contract

  • Land Area
  • 576.00 m² (approx)
  • Floor Area
  • 440 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Sep 28, 2021

Additional Details

Interested in this property? Contact an Agent today

Ray White Commercial WA - PERTH

12-14 The Esplanade

Perth WA 6000

Occupy, Invest or Develop

Premium Location overlooking Fremantle Fishing Harbour

1 Howard Street resides in a premium location as one of the very few remaining substantial development opportunities on the Esplanade Park waterfront in Fremantle.

Development potential
The property presents the opportunity for development with local council encouraging the potential for a 3 storey mixed use development in the future (STCA). The property presents a smorgasbord of options which could include:

• Demolishing and starting an entirely new development
• Adding further levels to the existing building (development concepts available)
• Consolidating the existing tenancies and leasing the vacancies to grow the income and develop sometime in the future

Return on investment
Net passing income of $80,764pa
Potential fully let net income of $116,519pa

Leases have deliberately been kept short to allow for potential redevelopment.

For further information or to arrange an inspection please contact:

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168

Stephen Harrison
Ray White

1 Howard Street, Fremantle, WA 6160

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