This is a rare opportunity for an investor to secure a strategically located property with useable improvements in the heart of the Subiaco business precinct.

This prime property consists of a rectangular shaped site of 455square metres with a frontage to Coghlan Road of approximately 12 metres.

The existing improvements comprise a duplex house that has been converted to offices that are heritage listed. There has been an Environmental Report detailing a small amount of asbestos in the building and assessed as posing a minor health risk.

The offices are securely leased providing a reasonable return for a long term investor or a developer whilst finalising development approval.

Property: Land holding of 455m2 with buildings totalling approximately 150m2 and onsite parking for 8 vehicles.

Location: The site is opposite Officeworks Subiaco and is near 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 partnership of Clinical Psychologists. The lease is long term.

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

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