106/1 Silas StreetEast Fremantle WA 6158
Property Details for 106/1 Silas St, East Fremantle
Last Listing description (March 2025)
Positioned in the vibrant heart of East Fremantle, this modern Medical Consultant's office space offers a unique opportunity for entry-level commercial property investors, portfolio builders, and self-managed superannuation Fund (SMSF) buyers. With a secure 5 year lease in place, this property combines consistent rental income with potential for capital growth in one of Perth's most sought-after suburbs. Property Details- Strata Area: 114 sqm - Floor Area: 100 sqm - Parking: 1 secure undercover carbay plus ample outdoor parking- Net Rental Income: $40,500 per annum- Outgoings: all paid by the tenant (excluding property manager fees if applicable)- Current Net Return: 6.23%*- Lease Term: 5 years with a 5-year option - Tenant Profile: Medical Consultant's OfficeKey Investment Highlights1. Versatile Investment AppealThis property suits a range of buyers, from those entering the commercial property market to seasoned investors expanding their portfolios and SMSF buyers seeking secure, long-term investments.2. Secure Tenant ProfileLeased to a medical consultant on a strong 5-year lease with a 5-year option, the property offers reliable rental income from an essential service tenant. 3. Prime East Fremantle LocationSituated on the corner of Canning Hwy and Council Place and located in East Fremantle's town centre precinct, this office is surrounded by vibrant local amenities, boutique retail, cafes, Sweetwater roof top bar operated by Australian Venue Co. (AVC), a new "The Good Grocer" supermarket opening soon plus a range of medical and professional services. Its excellent Canning Hwy street frontage plus connectivity to public transport and major roadways ensures easy access for tenants and clients. 4. Close Proximity to FremantleLocated just minutes from Fremantle, the property benefits from easy access to this iconic destination known for its vibrant arts, retail, and dining precincts. Fremantle's strong cultural and economic presence adds significant value to East Fremantle as a thriving commercial and lifestyle hub. 5. Modern, Functional DesignSpanning 100 sqm of floor area, this office features a bright, professional layout with ample natural light, making it attractive to current and future tenants. Its versatility supports a range of professional and medical uses. Why Invest in East Fremantle?East Fremantle blends riverside living, vibrant community amenities, and close proximity to Fremantle's thriving economic, cultural, and tourism scene. The area's close proximity to Fremantle's retail precincts and renowned attractions makes it a strategic and sought-after location for businesses and tenants alike. With its boutique charm, high-quality schools, and flourishing business environment, East Fremantle consistently appeals to professionals, families, and investors. This property is your gateway to secure, low-maintenance investment with strong income potential and growth prospects. Whether you're starting your investment journey, building your portfolio, or seeking a reliable SMSF asset, this opportunity ticks all the boxes. Contact David Lightfoot of Inside Commercial Exclusive Selling AgentDon't miss out-schedule your viewing today (facetime walk though available) and secure your place in East Fremantle's thriving commercial property market! *Approximate
Property History for 106/1 Silas St, East Fremantle, WA 6158
- 09 Jan 2025Sold for $620,000
- 03 Dec 2024Listed for Sale Price on Application
- 17 Feb 2016Sold for $687,500
Recent sales nearby
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About East Fremantle 6158
The size of East Fremantle is approximately 3.7 square kilometres. It has 26 parks covering nearly 12.1% of total area. The population of East Fremantle in 2011 was 6,930 people. By 2016 the population was 7,369 showing a population growth of 6.3% in the area during that time. The predominant age group in East Fremantle is 50-59 years. Households in East Fremantle are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in East Fremantle work in a professional occupation. In 2011, 73.2% of the homes in East Fremantle were owner-occupied compared with 75.5% in 2016.
East Fremantle has 3,747 properties. Over the last 5 years, Houses in East Fremantle have seen a 83.64% increase in median value, while Units have seen a 33.45% increase. As at 28 February 2025:
- The median value for Houses in East Fremantle is $1,989,095 while the median value for Units is $652,875.
- Houses have a median rent of $965 while Units have a median rent of $678.
What's around 106/1 Silas St, East Fremantle
106/1 Silas St, East Fremantle is in the school catchment zone for John Curtin College Of The Arts.
Suburb Insights for East Fremantle 6158
Market Insights
East Fremantle Trends for Houses
$1.99M
13.76%
View Trend$965/W
2.65%
East Fremantle Trends for Units
$653k
1.74%
View Trend$677.5/W
5.17%
Neighbourhood Insights
Age
Population 7,369
0-9
11%
10-19
13%
20-29
11%
30-39
11%
40-49
16%
50-59
16%
60-69
12%
70-79
7%
80-89
4%
90-99
1%
Household Structure
Occupancy
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