123 Thomas Street

Subiaco WA 6008

RWC WA proudly presents 123 Thomas Street, Subiaco for sale.123 Thomas Street represents a fantastic hold-and-improve and/or future development opportunity. Positioned within one of Perth's most tightly held inner-western suburbs, approximately 4km* from the CBD, the high-exposure corner configuration and scale of the landholding are increasingly rare within this precinct.Strategically located along Thomas Street, the site enjoys consistent vehicle movements, excellent accessibility and proximity to major employment, medical, residential and commercial catchments including West Perth, St John of God Subiaco Hospital and the Subiaco town centre.Property Highlights:- Freehold land comprising 7 lots- Land Area 1,755.71m2 - The property is improved with ~1,415m2 * of building area- Leased by 3 established operators- Vibe Fuel- MyCar- Euro Technik- The asset generates $319,250 p.a. in net income - All major outgoings recovered- WALE of 2.83 years (by income)VALUE ADD / DEVELOPMENT POTENTIALAcquire secure income today, with meaningful land value upside, in a supply-constrained inner suburban market. The substantial land area (with corner exposure) underpins genuine future uplift, while the existing leases deliver immediate, resilient cash flow. - The property is zoned Residential R60 - City of Subiaco Local Planning Scheme No. 5To discuss in further detail, please contact the exclusive selling agent:Brett Wilkins0478 611 168brett.wilkins@raywhite.com*Approx.