1251 Hay Street

West Perth WA 6005

Great Opportunity in the main centre of the West Perth commercial precinct.Located in the City of Perth with the flexible Town Centre zoning under LPS No.2 makes this a very versatile investment opportunity for all astute Buyers.Surrounded by numerous quality offices, cafes, restaurants, entertainment areas and retail, this property is central to where all of the action is in West Perth.Boasting 17 on-site under cover car bays the building is ideal for owner occupiers for the following uses:- Medical or Dental Practices- Head Office for Mining Companies- Hospitality Operators- Professional Consulting Rooms- Virtual Office OperatorsIdeal for Property Developers for:- Student Accommodation- Hotel/Motel- Serviced Apartments- Residential Apartments- Office & Mixed Use Retail- Professional SuitesThis property presents the best of all worlds, and:- Can have its income expanded to being fully leased "as-is"- Can be refurbished to further enhance the total income yield- Can be demolished and fully redeveloped to maximise the site These opportunities do not come along often in this area. Located near the Hancock Mining Group Outram Street site which is approved for the new $270M Commercial Hub development to incorporate their new headquarters, and positioned directly opposite the newly refurbished WestCentre in Hay Street incorporating a variety of offices, retail and food precincts. Also nearby is the newly completed CU29 Restaurant, Cafe and Culinary Training Centre which will be opening soon. These developments are all going to enhance the vibrancy of the West Perth commercial precinct and drive property values upwards.Current net income (partly leased) of $122,622 p.a., which can dramatically increased by leasing the remaining space. The current forecast net market rental income for the property "as-is" fully leased is $266,641 p.a.OPTIONS:1. Occupy for your own business or businesses2. Lease out the remaining vacant space to increase yield3. Demolish and rebuild entirely4. Work on a refurbishment plan or re-design and choose your new target tenant mixCall now for further information as this opportunity is expected to sell quickly.