115/1 Silas St EAST FREMANTLE, WA 6158

For Sale $465,000 nil GST (Going Concern)
Property Details

115/1 Silas St EAST FREMANTLE, WA 6158

For Sale $465,000 nil GST (Going Concern)
Retail
Description

High Yield Leased Investment

Retail - EAST FREMANTLE WA

Now available to SMSF and property investors a high yield commercial investment property located on the ground/podium level of the B-Tower at Richmond Quarter development with a solid lease income to Seashells Fremantle as a reception and office and as a staff room to the Sweetwater Rooftop Bar.

The property features;
46 sqm strata floor area
46 sqm exclusive use lobby area
16 sqm exclusive use store-room areas
1 x secure undercover car bay plus ample customer parking
122sqm of area leased to 2 x tenants
10 year leases with approx 8 years remaining of initial term plus 3 x 5 year options
8.5*% Passing Yield on Sale Price

Seashells Fremantle operates serviced apartments on levels four and five and the Sweetwater Rooftop Bar is located on level six of the stunning new Richmond Quarter development in the heart of East Fremantle’s town centre.

Richmond Quarter features residential apartments set around an open european-style piazza with cafe, shops and offices, Seashells short-stay accomodation and an upmarket rooftop tapas and cocktail bar, Sweetwater, offering views over Fremantle.

For further details or to arrange an inspection please contact the exclusive selling agent David Lightfoot.

*approximate

Property Features
  • Retail
  • Land is 60 m²
  • Floor Area is 46 m²
  • Car Spaces