1 Howard Street, Fremantle, WA 6160

Offices | Development/Land | Other

Sold $2,000,000

  • Property ID: 390575
  • Floor Area: 440m²
  • Land Area: 576m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 440m2 576m2 N/A
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
E: brett.wilkins@raywhite.com

Stephen Harrison
Ray White Commercial (WA)
M: 0421 622 777
E: stephen.harrison@raywhite.com

*approximate

Fremantle Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $368 ---
Retail $4126 $480 11.63%
Offices $4126 $532 12.90%
This is the average advertised price, rent and yield for Fremantle, WA 6160*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in WA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Ray White Commercial (WA)

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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