10 Forrest Street

ACCOMMODATION
Set across 855 sqm (approx.), this three-story apartment complex hosts ten 2-bedroom, 1-bathroom units; 6 units are currently tenanted and the remaining are owner-occupied.

The current structure is propped with further plans to improve the structural soundness of the property, this rare opportunity provides the potential to complete the outstanding structural works and hold the units with continued rental income, or completely redevelop the block, taking full advantage of the R25 zoning.

INVESTORS INFORMATION
• Based on the current market potential: rental value of $455.00 – $500.00 per week per unit, with potential rental returns of $236,000 – $286,000 per annum (approx.).
• Ten 2 bedroom, 1 bathroom units
• 2 ground-floor units, plus ground-floor parking
• Elevated prime position with potential stretching views
• Ample access to East Fremantle Primary School and John Curtin College of Arts
• R25 Zoning
• 855sqm block (approx.) currently occupied with a 3-storey complex

LOCATION
Enviously located in an elevated position, with prime access to both East Fremantle Primary School and the highly sought-after John Curtin College of Arts. Close to the cultural heart of Perth, wander down to the newly opened Fremantle FOMO food and beverage Precinct and Fremantle Civic Centre only 1.4km away. Otherwise, take advantage of the range of wine and food outlets in the Fremantle Central Hub. Take a mid-summer rest and be spoiled for choice by many nearby beaches. An ideal location for redevelopment or to continue to attract quality tenants.

CONTACT
Represented by Team Addenbrooke; for further information or to discuss your options, contact us directly or text “10 Forrest” to 0437 414 178 for your free digital brochure.

*NOTE
Internal property images are used for illustrative purposes only and are not representative of all apartments or their current presentation.