116 Wray Avenue
Fremantle, WA 6160

Overview

Prime commercial property in Fremantle

This commercial property at 116 Wray Avenue, Fremantle, presents a unique investment or leasing opportunity. The building is a striking two-storey rendered masonry and iron structure located at the prominent corner of Wray Avenue and Hampton Road, offering excellent visibility and accessibility.

Key features of the property include a land area of 974 square meters and a building area of 368 square meters, divided between the ground floor (approximately 176.75 sqm) and the first floor (approximately 185.03 sqm). The property provides ample parking with 15 car bays, enhancing convenience for tenants and visitors.

The ground floor is currently leased until July 2028, providing immediate holding income, while the first floor is vacant and available for lease or owner occupation. The zoning is Mixed Use R30 under Local Planning Scheme No. 4, allowing for a variety of commercial uses including offices, consulting rooms, and medical centres.

The property's corner location and excess land offer significant development potential, making it an attractive prospect for investors and businesses seeking a strategic position within Fremantle's commercial district.

Reasons to consider this property include its high visibility due to the prominent corner position, flexible mixed-use zoning that supports diverse commercial applications, development potential from the excess land, immediate income from the leased ground floor, and its location in the heart of Fremantle's thriving commercial area.

This opportunity is rare in Fremantle's market, offering substantial potential for growth and investment. Interested parties are encouraged to act promptly to capitalize on this prime commercial asset.

For further information or to arrange an inspection, please contact the listing agents.

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