128 George Street, East Fremantle WA 6158

Opportunity of a Lifetime!

FOR SALE BY SUBJECT TO FINANCE AUCTION ON SATURDAY, 13TH AUGUST AT 12PM
SUBJECT TO FINANCE AND CASH BUYERS ARE WELCOME TO BID
DEPOSIT $50,000 I FINANCE 30 DAYS FROM AUCTION I SETTLEMENT 30, 60 OR 90 DAYS FROM AUCTION
BUYERS NEED TO BE PRE-REGISTERED TO BID AT AUCTION
(The seller reserves the right to sell prior)

The Town of East Fremantle is selling these two green title lots as a package, via a subject to finance auction on the 13th August 2022 and welcomes all interested parties to register to bid.

Positioned in the heart of East Fremantle on the eastern end of George Street, these lots are zoned "mixed-use" which means they can be used for commercial and residential purposes.

Both the properties are currently tenanted by commercial businesses but can be issued notice to vacate within 60 days of purchase, unless the new owners would like to renegotiate the current tenant's lease terms.

George Street is a historical shopping high street and a much sought after area with so many great local businesses supported by arguably one of the best local communities.

Very, very rarely does a prime piece of real estate such as this come to market, so make the most of this unique opportunity as it will not present itself again.

Development standards 128 and 128A George Street, East Fremantle.

The basic development controls are specified under cl. 5.8 of the Town's Local Planning Scheme No.3 (LPS 3) which includes matters such as building height, setbacks and parking. However, the decision maker in relation to a development approval for the site has the power to vary these development controls under cl. 5.6 of LPS 3. Examples of existing developments where the controls have been varied are at 96 George Street and the Brush Factory development on the SE corner of George and Duke Street.

The decision maker in relation to this site is likely to be the Metro Inner-South Joint Development Assessment Panel not the Council (due to the likely cost of construction being greater than $10M). If you require further information or clarification of the above, please contact the Town's Planning Services section on 9339 9339.

To discuss this incredible opportunity further, please contact Andy McIntyre on 0409 699 567.

PLEASE NOTE:
The owner reserves the right to sell the property prior to the Auction.
Future use and development of the lots is subject to relevant approvals.
While every effort has been made to ensure the given information is correct at the time of listing, this information is provided for reference only and is subject to change.