361 Hay Street

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 Private Treaty asking $3,850,000 GST Free (Going Concern).This outstanding owner-occupation, redevelopment and 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 an owner occupier seeking a location for your new premises you could reconfigure or redevelop the existing improvements and this is a rare chance to acquire a prime site within Subiaco, featuring 21 metres of Hay Street frontage and a generous 3.0:1.0 plot ratio.Ideal for:- Owner-occupiers looking for a high profile Subiaco position with income-producing improvements- Investors aiming to capitalise on the property's prime location and future potentialProperty 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 GSTLocation: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: 3.0:1.0Property 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 and suits future redevelopment or short term use as additional car parking.InspectionsAvailable strictly by appointment via the joint agents.Sellers will consider individual sale of the properties.For further information or to arrange an inspection, please contact MMJ Real Estate (WA) & Sterling Property.