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RECENT ADVICE
Sold on 07 Aug 2024 for $500,000

52 Adelaide Street
Fremantle WA 6160

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 1492m2
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Sold By
Jason Stanley
Northbridge Sales and Leasing Pty Ltd
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Property Details for 52 Adelaide St, Fremantle

Building Type
Commercial
Year Built
2022
Floor Size
82m2
Land Size
1492m2
Local Government
Fremantle
Lot/Plan
2/P008186

Last Listing description (September 2024)

Northbridge Sales & Leasing, together with Aurange Realty as Joint Exclusive Selling Agents, have the pleasure of presenting this retail property to the market.

Discover a premier investment opportunity in Fremantle's revitalized core - This property is currently leased to "Freo Convenience Store" on a 2-year lease with a 3-year option, providing a net income of $31,000 per annum to the owner. The tenant covers all outgoings in addition to the rent.

Key Features:

Prime Location: Located within Fremantle's vibrant new centre, adjacent to national retailers like Chemist Warehouse and Target. Fremantle is experiencing a transformative $1.3 billion revitalization, enhancing the area's appeal.

Modern Building: Only 2 years old, the property benefits from a contemporary mixed-use design, with over 70 residential apartments above, ensuring ongoing foot traffic and community engagement.

Industrial Charm: The 67m2 space boasts an industrial design with concrete floors, overhead lighting, and a 6-meter-high ceiling. The glass shopfront offers excellent visibility on Adelaide Street and benefits from strong pedestrian traffic due to its proximity to high-profile retailers and a bus stop directly in front.
All of the above attributes provide for a robust foundation for the tenant's current and future trading success.

Investment Highlights:
- Net Income: $31,000 per annum
- Outgoings (Paid by Tenant):
Strata Levies: Approximately $4,457 per annum
Council Rates: $4,112.11 (FY24)
Water Service Fee: Approximately $1,135 per annum
- 1 x car bay, secure and under cover is included and forms part of the ownership title.

For more information, please contact Annie or Jason as the Joint Exclusive Selling Agents.

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Property History for 52 Adelaide St, Fremantle, WA 6160

A timeline of how this property has performed in the market
Last Sold
$500,000
07 Aug 2024
Listed for Rent
$17k/w
12 Jun 2023
  • 07 Aug 2024
    Sold for $500,000
  • 27 Mar 2024
    Listed for Sale Not Disclosed
  • 10 Dec 2022
    Listed for Rent - Price not available
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About Fremantle 6160

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 6,277 properties. Over the last 5 years, Houses in Fremantle have seen a 71.64% increase in median value, while Units have seen a 46.78% increase. As at 30 September 2024:

  • The median value for Houses in Fremantle is $1,308,986 while the median value for Units is $625,565.
  • Houses have a median rent of $780 while Units have a median rent of $675.
There are currently 55 properties listed for sale, and 25 properties listed for rent in Fremantle on OnTheHouse. According to CoreLogic's data, 288 properties were sold in the past 12 months in Fremantle.

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