Fremantle development site fetches $2.1 million

Fremantle development site fetches $2.1 million
Katherine JimenezApril 1, 2014

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. 

Editor's Picks

Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner
James Place to bring new life to Fortitude Valley’s James Street precinct
Tian An quickly sells 25% of apartments in North Village, Auburn, following successful launch
Infrastructure drives new momentum in Melbourne’s Sunshine Precinct
Gardner Vaughan plans Eden Caloundra launch after $19m site purchase