This is a rare opportunity for a developer or investor to secure a strategically located and significant land holding with useable improvements in the heart of the Subiaco business precinct.

This prime property consists of an approximately square shaped site of 1,374 square metres with a frontage to Coghlan Road of 36.43 metres and to York Street of 37.74 metres.

The existing improvements comprise 3 separate buildings consisting of six semi-detached houses that have been converted to offices that are heritage listed. There has been an Environmental Report detailing a small amount of asbestos in the buildings and assessed as posing a minor health risk.

Each of the offices are leased providing a reasonable return for a long term investor or developer whilst finalising development approval.

Property: Land holding of 1,374m2 with buildings totalling approximately 450m2 and onsite parking for 24 vehicles.

Location: The site is opposite Officeworks Subiaco and is on the corner of York Street. It is within metres of Subi East, being a project managed by Development WA. Subi East is the rejuvenation of 35ha of land to create a north eastern gateway to Subiaco. Subi East includes Subiaco Oval, Mueller Park, Bob Hawke College and the former Princess Margaret Hospital site.

Zoning: The property is currently zoned “Centre” with a coding of R-ACO under the City of Subiaco’s Town Planning Scheme.

Tenancy Details: The property is securely leased to a well-known Real Estate Group, a Physiotherapist, a Genetic Counsellor and a partnership of Clinical Psychologists. The tenancy terms vary and can be made available to prospective buyers.

Offering: The owners will consider offers to purchase the property.

For further details please contact Steve Rowe, 0411 118 7....