1242 Hay Street West Perth WA 6005

FOR SALE VIA OFFERS INVITED CLOSING 20th March 2025: Prime Commercial Development Property in the heart of West Perth's bustling retail and business district. This green title property, currently occupied by a publicly listed company on a month-to-month lease, benefits from passing income and is primed for redevelopment.

Initially built as a banking chamber and later repurposed for a retail business, the property is now leased by Skin Elements Limited (SKN), a publicly listed "Formulation Company".

Property Highlights:

• BUILDING AREA: 224.4sqm ground floor plus a 102.7sqm first floor office.
• LAND SIZE: 517sqm* green title lot, which offers potential for future development.
• PARKING: Includes ample on-site parking bays at the rear of the property, accessible via a battle-axed R.O.W.
• LOCATION: Situated on Hay Street, a major arterial road, the property enjoys high visibility and accessibility. It is surrounded by a mix of retail shops, cafes, and professional services.
• TENURE: Currently leased to SKN on a month-to-month lease. This property is suitable for both an investor who may look to negotiate a long-term lease and/or an owner occupier who can give 30 days' notice to vacate after settlement.
• ZONING: Zoned "City Centre" under the City of Perth Town Planning Scheme no.2 and is in Precinct 10 (West Perth).**

Land: 517sqm*
Building: 224.4sqm ground floor + 102.7sqm first floor office.
Price: OFFERS INVITED closing 20th March 2025
Viewings: Strictly by appointment only

For more information or to arrange a viewing, please contact Shannon Swarts or Jonathan Kilborn.

*Approximately
** Buyers are to make their own investigations with the City of Perth in relation to zoning and re-development potential.