CITY DEVELOPMENT SITE & SHOPS!
Offers are invited for this ideal development site located near the intersection of Queen Street and High Street, across the road from King's Square. King's Square is set to undergo a major redevelopment, which is expected to transform the area. It is tipped to be the biggest development undertaken by Fremantle, and is anticipated to be a major attraction, creating new commercial, retail, and residential space.
The property itself, zoned 'city centre', consists of three lots totalling approximately 907sqm. While underdeveloped, it conveniently provides a steady holding income from seven shops with a combined floor area of approximately 374sqm.
The size of Fremantle is approximately 5.5 square kilometres. It has 24 parks covering nearly 26% of total area. The population of Fremantle in 2011 was 7,668 people. By 2016 the population was 8,214 showing a population growth of 7.1% in the area during that time. The predominant age group in Fremantle is 30-39 years. Households in Fremantle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fremantle work in a professional occupation. In 2011, 52% of the homes in Fremantle were owner-occupied compared with 54.2% in 2016.
Fremantle has 6,266 properties. Over the last 5 years, Houses in Fremantle have seen a 57.08% increase in median value, while Units have seen a 67.76% increase. As at 31 October 2024:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.