1/531 Hay Street Subiaco WA 6008

This ground floor 188m2 leased investment occupies a high exposure corner site within the "Subiaco Village" development. Securely leased & 2 years into a 5 year term, there's rental upside with a scheduled market review in July 2023 and annual 4% increases, plus 2 further 5 year options ahead.

The site is further advantaged by the owners share of the Wilson car parking revenue, whilst having a share in a larger site could potentially mean massive future development potential!

The site features exceptional client parking, two designated exclusive use car bays and sits within a flexible Centre Zoning allowing uses such as retail, consulting, office, hospitality and health studios STCA.

Large windows providing excellent natural light
Adaptable floor plate
First Time offered in 34 years
Combined income of approx. $48,002.81 per annum plus GST

With the imminent completion of One Subiaco, and many other exciting changes happening in the location, this is your opportunity to invest in Subiaco's renaissance!

ASKING
Closing Date Sale - Offers Closing Wednesday, 19th October 2022 at 4pm (if not sold prior)

TERMS
DEPOSIT: $50,000
SETTLEMENT: 30/60/90 days

INSPECTION
Inspect by appointment

Full IM available upon execution of a NDA

OUTGOINGS (payable by the Lessee under the Lease Terms)
City of Subiaco: $6,591.19 per annum (approx. 2022/2023)
Water: $1,242.36 per annum (approx.)
Strata Quarterly Admin: $2,348.96 per quarter (approx.)
Strata Sinking Levy: $350.63 per quarter (approx.)

ZONING
Centre