Richmond Quarter Development Well on the Way to Completion
The introduction of the new Richmond Quarter development in East Fremantle has presented a unique opportunity for owner occupiers, private investors and self-managed super funds wanting to invest in a blue chip area.
The stunning six storey development incorporates elegant residential apartments, most of which have been sold off the plan and high exposure, mixed use retail and commercial premises. Ray White Commercial Burswood are the exclusive sales agent for the retail and commercial properties and have already sold 55% of the strata titled commercial units. David Lightfoot, the primary agent, has secured an array of retailers and commercial users, including health practitioners, café owners, boutique retailers and service related offices.
The project developer, AFG Property, operates under the corporate umbrella for Australian Finance Group (AFG), who is the largest provider of mortgage broking services in Australia and has now diversified into a mature, well respected financial services company. The project is managed by NS Projects, who have extensive experience in leading and managing high budget corporate and retail fit out programs throughout Western Australia. Complemented by one of Perth’s leading builders, Pindan, who specialise in creating developments which harmonise with their surroundings.
David Lightfoot of Ray White Commercial Burswood said: “Richmond Quarter is built on the site of the old Richmond Theatre and reflects East Fremantle’s unique charm and a careful fusion of the classic with the modern. The building is comprised of 119 residential apartments, 90% of which are already sold and 25 commercial units that will add to the ‘Town Centre’ appeal of the area.”
“Located in the heart of East Fremantle on Canning Highway, Richmond Quarter is close to main arterial roads, public transport and experiences extremely high passing traffic, with exceptional exposure, making it a convenient and ideal commercial, retail premises.”
“The commercial units range from 69-209sqm fronting Canning Highway, Silas Street, Council Place or the European-style retail piazza in the middle of the development.”
“Richmond Quarter looks to be a prime opening for both real estate investors and buyers looking for an elegant, sophisticated living or commercial space.”
Council House will have a new tenant after level 3 was leased to McWilliam Davis Lawyers. Ray White Commercial WA director of commercial services Luke Pavlos brokered the deal, with the 753 sqm floor leased for 10 years at a rate of $375/sqm per annum. Mr Pavlos identified and secured … Read more
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