186 Hay Street

Subiaco WA 6008

Realmark Commercial is proud to present to the market for sale this prime landholding at 186 Hay Street, Subiaco. This is a rare opportunity for an astute developer, investor or owner-occupier to acquire a prominent site on the busting Hay Street commercial/retail strip.Develop |This property offers 884 sqm* of prime inner-city land with 894 sqm* of net lettable area, and is ideally located in close proximity to an abundance of amenity including cafes, bars and restaurants, and only 200 metres* from Bob Hawke College.Occupy |The property is comprised of 13 separate tenancies over 17 strata units with the majority of these tenanted on short-term leases. This gives a buyer the opportunity to make substantial improvements to these units to enhance their overall value.Invest |Take advantage of the gentrification of Subiaco in which significant development and urban infill is currently being realised, including the Subi East redevelopment precinct only 400 metres* up the road.The property features include:- Land Area: 884 sqm*- NLA: 894 sqm*- 13 separate tenancies over 17 strata units- Develop | Occupy | Invest- 4 to 6 story height limit (STCA)- Significant value-add potential- $184,889.53 current gross annual holding income- 24 undercover car baysZoning'City of Subiaco- Activity Centre- TPS5' and is zoned 'Centre' which is capable of future higher density 6 storey redevelopment, subject to council approval.Unit 6 (60 sqm - 2 car bays) is also available for lease - contact the agents for further details.To access the relevant documents and information on the property, please follow the link below:https://app.reso.com.au/i/eYZKdUemHFor more information or to arrange a private viewing, please contact Brent Griffiths.*approx.