1 Pakenham Street, Fremantle WA 6160

Under Offer. Generational Trophy Asset - Tolley & Co Building

Belle Property Commercial as exclusive selling agents are pleased to offer for sale via “Expressions of Interest” campaign, 1 Pakenham Street, Fremantle closing Monday 28th October 2024 at 5.00pm (AWST).

Nestled in the heart of Fremantle’s vibrant West End, the Tolley & Company
Warehouse (also known as the Tolley Bond Store) is a rare opportunity to own a
piece of Western Australia’s rich history. Built in 1897 during the gold rush boom,
this heritage-listed gem was originally designed for Tolley & Co., prominent wine
and spirit merchants, who occupied the building until 1911.

The building has been thoughtfully repurposed for modern use, incorporating a licensed hospitality venue and event space, coworking offices, renovated first floor office tenancies with two studio spaces and a charming paved courtyard at the rear.

The building’s infrastructure has been meticulously maintained, with all electrical and plumbing systems updated less than eight years ago. Additionally, the roof structure was refurbished and reclad in 2005, ensuring the building’s longevity.

Key Features:

- Land Area: 569sqm*
- NLA: 1,250sqm*
- 90% Occupied on long term leases
- Net rental income: $248,617pa* with annual increases
- Three - storey Heritage building
- Strong tenancy mix – Tolley’s Lane Bar, EarthPoint Evolution, Studio Derrikx
- Value add opportunity – Manage Co working suites or occupy/ lease out entire floor

Location:

- Prominent West End Fremantle location
- 260m To Fremantle Station
- 650m To Gage Roads Brewery
- 150m to Fremantle High St

Recoverable Outgoings: $73,200pa*

Sale Process:

For sale via “Expressions of Interest” campaign, closing Monday 28th October 2024 at 5.00pm (AWST) (Sold as a going concern).
A copy of the EOI document and IM can be supplied upon request.

Want to know more? Please contact the exclusive selling agents listed below.