Fremantle Police Headquarters leased investment sold by Burgess Rawson agents Matthew Wright, Raoul Holderhead and Brodie Keay, in conjunction with Empire Property’s Craig White.

Aprivate investor has acquired the Fremantle Police Headquarters for $5 million marking a significant transaction in the local real estate market.

Burgess Rawson’s Matthew Wright, Raoul Holderhead and Brodie Keay, in conjunction with Empire Property’s Craig White, negotiated the sale of the prominent government-leased investment property situated at 88 High Street, in the heart of the Fremantle CBD.

Commenting on the sale, Mr Wright expressed enthusiasm for the investment opportunity presented by this prime asset.

“We are delighted to have facilitated the sale of this outstanding property, which represents a compelling proposition for investors seeking stable returns in a sought-after location,’ Mr Wright said.

The property features a recently renewed 4.5-year lease, with options, to the Western Australian Government, with WA Police occupying the premises as the Fremantle Police Headquarters.

Notably, the lease includes fixed annual four per cent increases, ensuring consistent rental growth for the investor. Furthermore, the tenant is responsible for covering all outgoings as per the lease agreement.

Situated on a large 1,040 square metre CBD site with rare dual frontage, the property comprises a substantial 2,059 square metre building spread over three levels, including 18 secure basement car spaces. Its attractive City Centre zoning presents enticing future value-add potential for the investor.

Mr Keay said Fremantle’s thriving residential growth which is expected to surge by 120 per cent by 2046, underscores the promising outlook for this investment.

Mr White added that the sale of the asset speaks volumes about the resilience and attractiveness of the Perth market.

Positioned as Western Australia’s Port City, Fremantle enjoys a prime location at the mouth of the Swan River, just 20 kilometres south of the Perth CBD.

The estimated net rental income of $448,980 per annum, combined with the impressive 8.9 per cent yield, solidifies the attractiveness of this investment opportunity.

Commo