1242 Hay Street

West Perth WA 6005

FOR SALE VIA OFFERS INVITED: Prime Commercial Development Property in the heart of West Perth's bustling retail and business district. This green title property, currently occupied by a publicly listed company on a month-to-month lease, benefits from passing income and is primed for redevelopment.Initially built as a banking chamber and later repurposed for a retail business, the property is now leased by Skin Elements Limited (SKN), a publicly listed "Formulation Company".Property Highlights:- BUILDING AREA: 224.4sqm ground floor plus a 102.7sqm first floor office.- LAND SIZE: 517sqm* green title lot, which offers potential for future development.- PARKING: Includes ample on-site parking bays at the rear of the property, accessible via a battle-axed R.O.W.- LOCATION: Situated on Hay Street, a major arterial road, the property enjoys high visibility and accessibility. It is surrounded by a mix of retail shops, cafes, and professional services.- TENURE: Currently leased to SKN on a month-to-month lease. This property is suitable for both an investor who may look to negotiate a long-term lease and/or an owner occupier who can give 30 days' notice to vacate after settlement.- ZONING: Zoned "City Centre" under the City of Perth Town Planning Scheme no.2 and is in Precinct 10 (West Perth).**Land: 517sqm*Building: 224.4sqm ground floor + 102.7sqm first floor office.Price: Contact AgentViewings: Strictly by appointment onlyFor more information or to arrange a viewing, please contact Shannon Swarts or Jonathan Kilborn.*Approximately** Buyers are to make their own investigations with the City of Perth in relation to zoning and re-development potential..