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

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.

Contact Cory Dell’Olio on 0448 888 123 or cory@castelligroup.com.au for additional information.