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Under Contract
38 Amherst Street, Fremantle, WA, 6160
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Property Highlights

LARGE DEVELOPMENT SITE WITH HOLDING INCOME

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 or has the potential for alternative uses subject to council approval. 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

ZONING
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.

This site is offered for sale via Offers to Purchase with a closing date of 4pm, 27th May 2021 unless sold prior.

Contact Cory Dell'Olio on 0448 888 123 or [email protected] for additional information.

Remember to mention you found this property on DevelopmentReady

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