A local private investor has acquired a 100% freehold interest in 108 Marine Terrace, Fremantle for $3,800,000 + GST in a strategic acquisition of a property that is a piece of Fremantle’s rich industrial history and expands the purchasers existing Fremantle property portfolio.

Situated in the centre of Fremantle’s ever growing commercial, tourism, food & beverage and marine industries precinct, 108 Marine Terrace has prime exposure to both Marine Terrace and Fishing Boat Harbour. The ‘Mixed Use - R35’ zoning allows for future development and value creation opportunities, and provides the purchaser with the ability to occupy, reposition, redevelop or lease out the asset.

108 Marine Terrace, Fremantle occupies a commanding high-profile corner site of 1,924 sqm* with office & workshop improvements of some 1,505 sqm* and was previously owner-occupied by multinational technology group L3 Harris.

108 Marine Terrace, Fremantle was marketed by JLL’s Associate Director, Logistics & Industrial, Ross Palframan and Director, Sales & Investments, Sean Flynn via a competitive Offers to Purchase campaign, yielding over 80 enquiries from a variety of buyer profiles, and generating multiple offers upon closure of the sale campaign.

Mr Palframan said, “108 Marine Terrace represented a genuinely rare opportunity to acquire an asset in one of Perth’s most sought after urban renewal locations. The flexible use profile allowed purchasers to either invest, owner-occupy, repurpose, or redevelop a strategic and high-profile site in the centre of Fremantle’s ever growing commercial precinct, where we continue to see significant investment & development in the suburb.

The acquisition reinforces the continuation of demand for unique value-add and development opportunities being targeted across Perth’s markets by both local and national development & investment groups.”

Mr Flynn said, “We were very pleased to have achieved a landmark result for a valued international client L3 Harris and true to form, Fremantle threw up its usual wide array of interested parties ranging from high-net-worth privates, local and national developers, owner-occupiers and investors.

Whilst Fremantle can have its ups and downs and is always evolving, we were very pleased to see such a spirited and competitive response to the campaign and such an incredibly diverse pool of buyers, reinforcing that Fremantle is arguably the most dynamic real estate market in Western Australia.

To request a sales analysis please contact either of the JLL selling agents via the below contact details. 

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