38 Amherst Street, FREMANTLE WA 6160For Sale Expression of Interest
LARGE DEVELOPMENT SITE WITH HOLDING INCOME
Land/Development - FREMANTLE WA
Castelli Commercial are delighted to offer 38 Amherst Street, Fremantle to the market For Sale.
38 Amherst Street has a developable land footprint area of 3,658sqm which includes a favourable R60-100 (STCA) planning that is ideal for a range of residential densities which is suitable for a 4-5 Storey apartment building (STCA). Located within the ‘Knutsford Street East’ local structure plan, it is an exciting and rare opportunity to secure a quality piece of land in one of the most exciting pockets of Fremantle which continues to develop into a strong residential area.
Key features of this site are as follows:
– 3,658sqm* green titled land holding
– 52m* Frontage
– 950sqm* warehouse
– Tightly held location
Current commercial lease details are as follows:
– Leased to ‘Blazing Swan Incorporated’
– $53,450pa plus GST and outgoings
– Expiry: 30 September 2021 with a further 2 year option on a standard REIWA lease
– Redevelopment clause on the option period of the lease (6 month notice)
– $20k bank guarantee
The property is zoned as ‘Development Area’ under the City of Fremantle Local Planning Scheme 4 and forms part of the ‘Knutsford Street East’ local structure plan. Interested parties are urged to make enquiries to the City of Fremantle to discuss their specific plans/uses for the site.
Contact Cory Dell’Olio on 0448 888 123 or firstname.lastname@example.org for additional information.
- Land is 3,658 m²
- Floor Area is 950 m²