Conveniently located on the corner of South Terrace and Suffolk Street and directly opposite Fremantle Hospital, the property is just a short walk to the Fremantle Markets, the port city’s iconic café strip, historic Fremantle Oval and the Fremantle Fishing Boat Harbour.
Zoned Mixed Use, the property offers a broad range of redevelopment options (STCA).
Mr Milne said the property would be ideally suited to buyers interested in exploring blended multi-level development opportunities, including retail, commercial, medical, entertainment and mixed-use residential concepts.
“The site’s flexible zoning and proximity to Fremantle’s entertainment hub offers buyers a variety of attractive redevelopment options,” Mr Milne said.
Mr Younger noted, “Recent investments in the area have positioned Fremantle as a re-emerging market. For instance, Fremantle council's long-awaited $270 million redevelopment of Kings Square in the city centre will create ample office space, a new civic chamber, library, offices for the City of Fremantle and 16,000 square-metres of retail space.”
“Further, following the State Government’s relocation of the Housing Authority, the Department of Corrective Services and the Department of Transport to the Fremantle locale, an influx of 1500 public servants is projected to inject $358 million into the local economy,” Mr Younger added.
The sale, through an Offers Invited process, closes Wednesday, October 17.
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