The properties are located at the northern part of Fremantle on the gateway Queen Victoria Street and alongside the wharf and river. The land total is more than 11,000 square metres.
Agent CBRE said there is potential for a development on the site of up to 10 storeys.
It said the two properties on corner sites are elevated. One property is 3464 square metres and the second property is 7594 square metres, subject to the buyer’s acquisition of adjoining surplus government land of 1310 square metres.
CBRE said both sites had “breathtaking active Fremantle Harbour and Indian Ocean coastal views” and were alongside the “award-winning Heirloom Apartments waterfront project”.
“A favourable planning scheme provides for mixed-use high-rise development and it is an ideal location for a blend of retail, hotel and mixed-use residential apartments,” the agent said.
The properties at 50-60 and 62-68 Queen Victoria Street, Fremantle, are for sale and offers to purchase will close at 3pm AWST on Thursday, May 23.
This year, Shacks’ chairman and managing director Doug Kerr celebrates his 50th year with the dealership. Shacks will also celebrate its centenary in just three years.
Shacks, which opened as a garage and service workshop in 1922, has always been a family company, with the Shack and Kerr families as directors. It became a General Motors franchise in 1934.
The business received unwanted press in February when an electrical fault caused $20,000 of damage at the showroom.
The dealership will relocate to amalgamate with Shacks’ Cockburn Central premises south of Fremantle.
By Neil Dowling