Belle Property Commercial Perth as exclusive selling agents are pleased to present to the market for sale via 'Expressions of Interest', 1251 Hay Street, West Perth.
EOI Closing 4 p.m. AWST 28/10/2024
West Perth offers more than just a prime business location it seamlessly blends commerce with a lifestyle of convenience and comfort.
Known as "Seasons Arcade", 1251 Hay Street offers 793sqm* of lettable office and retail space over multiple levels. This unique building presents buyers an opportunity to purchase a landmark asset in the core of West Perth, offering a significant holding income with strong future redevelopment potential.
With six retail/commercial suites on the ground floor, five office suites on the upper level and a tenancy fronting Hay Street featuring a commercial kitchen and café, this secure site presents a rare chance to acquire a well-established asset for owner occupiers, investors and developers alike.
Property Highlights:
Holding income of $173,715
70% occupied, potential owner occupation or value add opportunity
Core West Perth Location
Excellent development potential with a 45m height limit (STCA)
Zoning: Town Centre
Strategic repositioning asset
Dual street frontage
Exceptional Hay Street frontage
End of trip facilities
Excellent connectivity to major arterial roads and freeways
Location:
Located adjacent to Perth's central business district, West Perth attracts a diverse range of professionals in industries such as mining, law and finance. Its proximity to major institutions like Sir Charles Gairdner Hospital, the University of Western Australia, and the bustling Subiaco precinct make it an ideal location for businesses seeking connectivity and convenience.
Perth CBD (1km)
QEII Medical Centre (4km)
City West Train Station (750m)
Hay St Cat Bus Stop (50m)
University of Western Australia (5km)
Kings Park (650m)
Subi East (1km)
The subject property is offered for sale via 'Expressions of Interest', Closing 4 p.m. AWST on the 28th of October 2024.
A copy of the EOI document and Information Memorandum can be supplied upon request.
For further information please contact the exclusive selling agents listed below.
*Approximate
