With demand for quality retail, hospitality and accommodation assets in high-growth urban areas continuing to rise, The Piazza in Fremantle presents a tremendous redevelopment and value-upside opportunity.
This landmark retail and commercial complex is on the market, offering a striking two-level Federation style heritage building that was further developed in 1989 increasing lettable area to 2,924sqm across 36 tenancies.
Positioned on a prime 2,831sqm central Fremantle site, The Piazza is a key asset in Fremantle’s vibrant retail and commercial precinct. The site boasts over 59metres of street frontage along South Terrace, and similar rear street frontage along Paddy Troy Mall.
The property is being marketed by Ben Younger, Nick Charlton, and Zaahen Kahn of Cushman & Wakefield through an Expression of Interest campaign closing on Wednesday, 9th May 2025 at 2pm (AWST).
Ben Younger said “The Piazza is adaptable to a wide range of mixed-use redevelopment options, including retail, office, food and beverage, residential, hotel, and hostel uses. Options for future building expansion or multi-story development further enhance the site's potential. Furthermore, the property is central and highly accessible within the heart of the Fremantle township, making this a compelling opportunity!”.
The vendor has considered a range of future mixed use options including hotel, hostel, education, retail, residential and commercial uses and ensuring the property is development ready.
Nick Charlton said with Fremantle experiencing ongoing revitalisation, the listing is expected to attract strong interest from investors and developers alike.
"Fremantle is committed to providing diverse and quality accommodation options to cater to the steady influx of local, national, and overseas visitors, hence there is a genuine demand for further hotel and hostel accommodation. There is also notable demand for student accommodation in Fremantle, primarily driven by the presence of the University of Notre Dame Fremantle campus and nearby Murdoch University."
The City of Fremantle’s Strategic Community Plan outlines significant investments amounting to $1.3 billion, with a development pipeline set to deliver commercial, civic, retail, and residential projects that will further activate and enhance the area’s amenity.
The Piazza, originally part of the heritage-listed Manning Building, holds substantial historical significance within the Central Fremantle Heritage Area. Its prime location along the renowned 'Cappuccino Strip' ensures strong foot traffic, with proximity to a lively mix of cafés, restaurants, retail outlets, and the Fremantle Markets, just 100 metres away.
