361-363 Hay Street (& 258 Churchill Avenue) Subiaco WA 6008

Sterling Property and MMJ Real Estate (WA) are pleased to present 361 363 Hay Street & 258 Churchill Avenue, Subiaco, For Sale via Offers Invited closing Wednesday, 12 March 2025, at 3:00 PM (AWST).

This outstanding redevelopment, owner-occupation or investment opportunity offers three street frontages in the heart of Subiaco, WA. The property spans a total land area of 1,089 square metres and benefits from existing holding income. If you are a developer it is a rare chance to acquire a prime development site within Subiaco, featuring 21 metres of Hay Street frontage and a generous 3.0:1.0 plot ratio.

Ideal for:
Developers seeking to create a high-density mixed-use project
Owner-occupiers looking for a strategic Subiaco position with income-producing components
Investors aiming to capitalise on the property's prime location and future potential

Property Details:
Total Land Area: 1,089sqm across 4 titles
Building Areas:
361 Hay Street: 62sqm
363 Hay Street: 225sqm

Tenancy Details:
Passing Gross Income: $54,600 pa excluding GST

Location:
Subiaco is a prime near-Perth CBD suburb with abundant amenities, including supermarkets, schools, train stations, bars, and restaurants. Development WA's 'Subiaco East' project is set to revitalise 35 hectares of underutilised land, introducing 2,700 new homes. This influx of residents will drive the growth of the Subiaco Town Centre, enhancing the subject property's investment appeal.

Zoning & Development Parametres:
Zoning: Centre (R-AC0) under the City of Subiaco Local Planning Scheme No. 5. Identified as Town Centre Type A and Town Centre Type A Transition within the Subiaco Activity Centre Plan.
Height Limit: Up to 4 storeys (with potential for 2 additional storeys on Hay Street frontage); up to 3 storeys on Churchill Avenue frontage.
Plot Ratio: 3.0:1.0

Property Details:
The site consists of four adjoining allotments at the corner of Hay Street and Axon Street, with separate rear frontage to Churchill Avenue. The properties includes classic single-level retail/commercial buildings with bitumen parking at the rear. The Churchill Avenue-facing lot is currently vacant.

Sale Process:
361 363 Hay Street and 258 Churchill Avenue, Subiaco, WA, is offered For Sale via Offers Invited closing Wednesday, 12 March 2025, at 3:00 PM (AWST).

Inspections
Available strictly by appointment via the joint agents.

For further information or to arrange an inspection, please contact MMJ Real Estate (WA) & Sterling Property.