61 York Street, Subiaco

SUBIACO INVESTMENT OPPORTUNITY

• Premium Subiaco Location
• Substantially Refurbished Office/Warehouse Investment.
• Total Land Area 458 sqm
• New 5+5 Year Lease from July 2023 toEstablished Tenant.
• Current Net Rent $140,000 PA + GST + Outgoings.
• Future Development Potential (STCA).

BPG Australia is pleased to offer for sale a well located, substantially refurbished office/warehouse located at 61 York Street, Subiaco. The property is leased to an established tenant and will suit investors also seeking long term development potential.

LOCATION
The property is very well located on York Street, near to the corner of Coghlan Road, which intersects with Hay Street and offers a short walk to the Subiaco’s main thoroughfare – Hay Street. The property is also within walking distance of Subiaco’s well established residential area, more recent prestigious mixed use developments such as One Subiaco, retail and commercial developments. The property enjoys the convenience of the nearby popular Hay Street and Rokeby Road Cappuccino Strips.

IMPROVEMENTS

The property comprises a ground level office/warehouse plus a first floor office level all of which has been substantially refurbished. The ground floor office is of excellent quality and the rear warehouse/internal parking is both well appointed and conveniently accessed from the rear ROW. The total building area is approximately 475 m2.

TITLE DETAILS
The property is legally described as Lot 32 on Plan 586 and contained within Certificate of Title Volume 1913 Folio 111.

SITE DETAILS
The property has a total land area of 458 m2.

ZONING DETAILS
The site is zoned ‘Centre’ under the City of Subiaco’s current Local Planning Scheme No. 5.

LEASE DETAILS
The property is leased to Transcore Pty Ltd for a lease term of 5 years commencing 1 July 2023 plus a further 5 year option with an expiry date of 30 June 2033. Annual reviews are to CPI, except for option renewal dates, which are the greater of market or CPI review. The current net rent is $140,000 per annum plus GST plus Outgoings.

SALE DETAILS
61 York Street, Subiaco is offered For Sale at an Asking Price of $2.795 million (“Going Concern”).

For further information, or an inspection by appointment only, please contact the Agent:

JEFF BRADDOCK 0412 934 694 OR [email protected]