27 York Street

Subiaco WA 6008

When Optionality is the key. On the eastern gateway to Subiaco, directly alongside the transformational SUBI EAST redevelopment precinct, this strategically located property presents a rare opportunity to reposition, redevelop or repurpose an existing commercial building within one of Perth's most rapidly evolving urban corridors. All 8 Titles together in one Building , an opportunity to have your own headquarters in ONE location.Occupying a 458sqm site and zoned R-AC0 (Residential Activity Centre) under the City of Subiaco Planning Framework, the property currently comprises a three-level office building incorporating eight strata-style office suites together with twelve on-site car bays at street level.The existing improvements include:- Four offices of approximately 63sqm (+balcony)- Four offices of approximately 61sqm (+balcony)- Central lightwell configuration providing natural light penetration and design flexibility with room for a lift.- Extensive on-site parking rarely found in inner urban locationsThe site offers compelling scope for:- Residential conversion (STCA) longterm lease / owner occupier- Boutique apartment redevelopment (STCA) Short term lease- Mixed-use repositioning (STCA)- Owner-occupier office headquarters with future adaptive reuse potentialImportantly, the current planning framework encourages urban consolidation and residential activation within the broader Subiaco Activity Centre. Preliminary planning investigations indicate potential exists for additional height beyond the current built form, subject to design merit and approvals from the City of Subiaco and/or the Western Australian Planning Commission.The property's existing structural form, combined with its central access and lightwell design, creates a highly adaptable platform for architectural reinvention. A future residential scheme could capitalise on:- Increased demand generated by the Subi East masterplanned precinct- New amenity emerging from the nearby PMH redevelopment- Proximity to transport, medical infrastructure and the Perth CBD- Strong owner-occupier and downsizer demand for urban residential product- Substantially built formLocated near the Hamilton Street intersection at the eastern end of York Street, the property sits moments from the landmark Subi East redevelopment and the emerging 1909 Subi East precinct by Development WA, a transformational project reshaping the future of Subiaco living.Key Features- 458sqm landholding- R-AC0 zoning- Existing three-level office building- Eight office suites- Twelve on-site car bays- Potential residential conversion or redevelopment (STCA)- Scope for additional height subject to approval- Central lightwell design- High-growth urban renewal location- Adjacent to Subi East / PMH redevelopment corridorA Strategic Urban Infill OpportunityAs Perth continues its shift toward higher-density inner urban living, opportunities to acquire adaptable buildings within tightly held redevelopment precincts are becoming increasingly scarce. 27 York Street represents a genuine opportunity to create future value through repositioning, adaptive reuse or redevelopment within one of Western Australia's most significant urban renewal corridors.Buy as an office and be ready to Bank your future Residential profit !Contact the Agent for an Information Memorandum (IM)Chris Shellabear 0418 910 065Andy Nye 0450 763 331Rates (approximate):Council: $17,287.80 per annumWater: $9,534 per annum