A generational entertainment asset in the heart of Fremantle’s cultural precinct is being brought to market this month with the landmark Timezone Fremantle representing a generational asset within the city’s established cultural precinct.
Occupying a 947sqm freehold parcel with dual frontage to South Terrace and Paddy Troy Mall, the property has been home to Timezone since 1981 - marking an exceptional 44 years of uninterrupted operation. The current lease extends to at least January 2030, delivering a net income of $451,134 per annum, with CPI-linked annual reviews.
The tenant, Timezone, forms part of The Entertainment & Education Group (TEEG), one of Asia-Pacific’s largest leisure operators, with over 350 venues across Australia, New Zealand, and Southeast Asia.
Strategically positioned within Fremantle’s high-footfall entertainment spine, the site is surrounded by major hospitality venues, Fremantle Markets, Walyalup Koort, and the city’s activated laneways. Zoned ‘City Centre’ under Local Planning Scheme No. 4, the property offers redevelopment potential, supporting mixed-use, residential, boutique hospitality and other outcomes.
“Fremantle is a cultural anchor! For over four decades, it’s drawn families, tourists, and locals to the heart of South Terrace.” said Ben Younger, Director at Cushman & Wakefield, Perth who is selling the asset with colleague Nick Charlton.
Mr Younger added “With Fremantle crowned Australia’s Top Tourism Town and over $900 million in surrounding development, this asset offers both income certainty, flexible zoning, dual frontage, and future redevelopment opportunities. Whether held for income or repositioned for growth, it is an iconic Fremantle freehold property offering multiple investment strategies.
“We recently sold the neighbouring 36 South Terrace, Fremantle which commanded a strong sale result and is already poised for an impressive restoration and repositioning” continued Mr Younger.
Nick Charlton said Fremantle is undergoing a huge renaissance with genuine investment from the private and public sector.
“With fantastic new developments including the recently completed Woolstores Shopping Centre and 106 room boutique Garde Hotel, coupled with further developments in the pipeline for the former Spicers site and Elders Wool Stores the future of Fremantle looks very bright. Timezone sits at the centre of it all, surrounded by hospitality, heritage, and high foot traffic.
“A strong national covenant, 44 years of uninterrupted trade, and $451K of net income—this is the kind of asset that rarely comes to market. It’s secure, strategic, and future-ready.”
Timezone Fremantle will be offered for sale through Cushman & Wakefield via EOI Campaign closing Friday 17th October 2025 at 2pm AWST.
