Fremantle development site fetches $2.1 million

Fremantle development site fetches $2.1 million
Fremantle development site fetches $2.1 million

A development site opposite Fremantle Port has sold for $2.1 million to the St Patrick's Community Support Centre. 

The 938 square metre site, at 3 Beach Street, is currently occupied by a warehouse and two retail shops, but it has the potential to be developed into a six-level building.

The purchaser - which fended off rival bids from owner occupiers, developers and private investors - plans to occupy the existing building and provide additional affordable housing for the disadvantaged within the community.

Knight Frank associate director Todd Schaffer was the selling agent. 

Tags: 
New Developments Western Australia Commercial Fremantle

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