1 Howard Street,
Fremantle, WA 6160
Offices • Development Sites & Land • Other
Price information
Sold
$2,190,000
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 1 Howard Street
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 1...
E: brett.wilkins@raywhite.com
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 7...
E: stephen.harrison@raywhite.com
*approximate
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 1...
E: brett.wilkins@raywhite.com
Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 7...
E: stephen.harrison@raywhite.com
*approximate
Additional information
External websites
Property ID: 503835286Last Updated: 3 Dec 2021
RWC - WA
12-14 The EsplanadePERTH, WA 6000
1 Howard Street
Fremantle, WA 6160
RWC - WA12-14 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
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