12 PAMMENT STREET, NORTH FREMANTLE

1,076sqm

SOLD

Warehouse, Factory & Industrial

PRIME RIVER LAND HOLDING & INCOME - MIXED USE R25/R60

Superbly positioned and complemented with four existing tenancies, this outstanding mixed use property of 1,076 square meters is directly overlooking a parkland reserve next to the Swan River.

With 729 square meters of internal lettable area across 4 units, two street frontages and ROW access, this site provides many premium development options or a very stable and easy holding income on a sought after land holding.

Unit 1 (192sqm's) & Unit 3 (125sqm's)
Lease Term - April 2023 + 5 year option
Rate - $64,872pa + GST

Unit 2 (125sqm's)
Lease Term - August 2022 + 3 year option
Rate - $25,200pa + GST

Unit 4 (287sqm's)
Lease Term - Periodic
Rate - $55,860pa + GST

*Landlord currently paying rates Rates & Taxes but not consumption

Rates (approx.)
Water Rates $3,266 pa
Land Tax $3,656 pa
Council Rates $9,648 pa

Tightly held enclave within North Fremantle that makes this property highly sought after.

AUCTION DETAILS

On Site 12PM THURSDAY, 17 JUNE 2021
Deposit: $100,000
Settlement: 60 days (16th August 2021)

Property sold on an 'as-is basis' (see agent for details).

*Please note that while best effort is made to ensure the leasing information and rates are correct at time of listing, they are provided for reference only and may be subject to change. Chattels depicted or described are not included in the sale unless specified in the Offer and Acceptance. The seller reserves the right to sell prior to the Auction.

Jamie headshot.jpg