The opportunities are many and varied in this unique landholding.

- Do you bank the landholding for future capital growth – while enjoying the above average income return?
- Do you modernise the commercial viability and get a lift in return from your capital outlay?
- Do you redevelop the whole building into a commercial and residential space and reap the rewards from the development project?
- Do you knock over the existing building and start with 1117sqm parcel allowing 17meter high construction and take in the sweeping views over Fremantle and out across the Indian Ocean?

Note any redevelopment proposal would be subject to council approval from the City of Fremantle based on the current zoning and building requirements.

For details on the redevelopment opportunities on this unique site refer to City of Fremantle Local Planning Policy 3.17 Hilton Local Centre. Policy document available on request. This area is targeted for development, with sites being able to be granted excess density of R160, and up to RAC1.

Perched high on the hill overlooking the Fremantle landscape the unique capability from this property makes it a smart investment whether you’re a seasoned experienced property holder and developer or if you’re an astute investor looking for a safe landholding that will stand the test of time.

The building with a solid footprint of approximately 748sqm built circa 1970′s has been prominent on the Fremantle landscape and would be recognisable from anyone living in the precinct over the last 50 years.

Its use over that time span has been a functioning squash court facility and is currently still operating as the same by the sitting tenant. Along with the telco infrastructure on the roof and another minor tenancy the passing net income is circa $100,000 PA.

Current fixed leases in place expiring Feb 2024 and potentially up for renewal.

The location is impeccable for future redevelopment as it is central to the Hilton Commercial Precinct currently providing a shopping commercial hub for the local community while also being suitable for a destination style business as it is situated on major southern suburb arterial routes.

The location speaks for itself, your imagination is what is required to take advantage of the capabilities and opportunities.

The current owners are seeking expressions of interest and set their expectations commensurate with inherent intrinsic value and are committed to a sale.

Make your move on this brilliant opportunity and be a part of the future landscape of this iconic property revitalisation.

Attributes
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Landholding 1117sqm
Total footprint floor area approximately 748sqm
Currently operating as a Squash Court Sporting Facility
Total Passing Net Income circa $100,000 PA
Solar panels system providing financial relief of power needs.
Potential for 22 parking bays on site in its current form.
The building is presented in solid condition.

For more details direct your enquiries to
Torrin Minutillo – 0417 171 164
or email me from this page.

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