Watch Watch
Your home of Development Ready videos
Watch Watch
Back

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

+11 Photos

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

Subiaco

×
+13 Photos

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

Subiaco

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

Properties / Buy / Western Australia / Subiaco
Development Potential

1. Property Summary

Property Type
Commercial
Sub Type
Office, Retail/Shopping Centre, Land Site
Land Area
1,089 m² (*approx)
Selling Method
For Sale: For Sale via Offers Invited
Show All

2. Property Highlights

Prime Subiaco Renovate or Redevelop Opportunity
  • Prime Location with Future Potential
  • Occupy / Refurbish / Redevelop
  • 4 adjoining lots

Sterling Property and MMJ Real Estate (WA) are pleased to present 361 – 363 Hay Street & 258 Churchill Avenue, Subiaco, For Sale via Private Treaty asking $3,850,000 GST Free (Going Concern).

This outstanding owner-occupation, redevelopment and investment opportunity offers three street frontages in the heart of Subiaco, WA. The property spans a total land area of 1,089 square metres and benefits from existing holding income. If you are an owner occupier seeking a location for your new premises you could reconfigure or redevelop the existing improvements and this is a rare chance to acquire a prime site within Subiaco, featuring 21 metres of Hay Street frontage and a generous 3.0:1.0 plot ratio.

Ideal for:

• Owner-occupiers looking for a high profile Subiaco position with income-producing improvements

• Investors aiming to capitalise on the property's prime location and future potential

Property Details:

•Total Land Area: 1,089sqm across 4 titles

•Building Areas:

361 Hay Street: 62sqm

363 Hay Street: 225sqm

Tenancy Details:

• Passing Gross Income: $54,600 pa excluding GST

Location:

Subiaco is a prime near-Perth CBD suburb with abundant amenities, including supermarkets, schools, train stations, bars, and restaurants. Development WA's 'Subiaco East' project is set to revitalise 35 hectares of underutilised land, introducing 2,700 new homes. This influx of residents will drive the growth of the Subiaco Town Centre, enhancing the subject property's investment appeal.

Zoning & Development Parametres:

Zoning: Centre (R-AC0) under the City of Subiaco Local Planning Scheme No. 5. Identified as Town Centre Type A and Town Centre Type A Transition within the Subiaco Activity Centre Plan.

Height Limit: Up to 4 storeys (with potential for 2 additional storeys on Hay Street frontage); up to 3 storeys on Churchill Avenue frontage.

Plot Ratio: 3.0:1.0

Property Details:

The site consists of four adjoining allotments at the corner of Hay Street and Axon Street, with separate rear frontage to Churchill Avenue. The properties includes classic single-level retail/commercial buildings with bitumen parking at the rear. The Churchill Avenue-facing lot is currently vacant and suits future redevelopment or short term use as additional car parking.

Inspections

Available strictly by appointment via the joint agents.

For further information or to arrange an inspection, please contact MMJ Real Estate (WA) & Sterling Property.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

1. Property Summary

Property Type
Commercial
Sub-type
Office, Retail/Shopping Centre, Land Site
Land Area
1,089 m² (*approx)
Selling method
For Sale: For Sale via Offers Invited

2. Property Highlights

Prime Subiaco Renovate or Redevelop Opportunity
  • Prime Location with Future Potential
  • Occupy / Refurbish / Redevelop
  • 4 adjoining lots

Sterling Property and MMJ Real Estate (WA) are pleased to present 361 – 363 Hay Street & 258 Churchill Avenue, Subiaco, For Sale via Private Treaty asking $3,850,000 GST Free (Going Concern).

This outstanding owner-occupation, redevelopment and investment opportunity offers three street frontages in the heart of Subiaco, WA. The property spans a total land area of 1,089 square metres and benefits from existing holding income. If you are an owner occupier seeking a location for your new premises you could reconfigure or redevelop the existing improvements and this is a rare chance to acquire a prime site within Subiaco, featuring 21 metres of Hay Street frontage and a generous 3.0:1.0 plot ratio.

Ideal for:

• Owner-occupiers looking for a high profile Subiaco position with income-producing improvements

• Investors aiming to capitalise on the property's prime location and future potential

Property Details:

•Total Land Area: 1,089sqm across 4 titles

•Building Areas:

361 Hay Street: 62sqm

363 Hay Street: 225sqm

Tenancy Details:

• Passing Gross Income: $54,600 pa excluding GST

Location:

Subiaco is a prime near-Perth CBD suburb with abundant amenities, including supermarkets, schools, train stations, bars, and restaurants. Development WA's 'Subiaco East' project is set to revitalise 35 hectares of underutilised land, introducing 2,700 new homes. This influx of residents will drive the growth of the Subiaco Town Centre, enhancing the subject property's investment appeal.

Zoning & Development Parametres:

Zoning: Centre (R-AC0) under the City of Subiaco Local Planning Scheme No. 5. Identified as Town Centre Type A and Town Centre Type A Transition within the Subiaco Activity Centre Plan.

Height Limit: Up to 4 storeys (with potential for 2 additional storeys on Hay Street frontage); up to 3 storeys on Churchill Avenue frontage.

Plot Ratio: 3.0:1.0

Property Details:

The site consists of four adjoining allotments at the corner of Hay Street and Axon Street, with separate rear frontage to Churchill Avenue. The properties includes classic single-level retail/commercial buildings with bitumen parking at the rear. The Churchill Avenue-facing lot is currently vacant and suits future redevelopment or short term use as additional car parking.

Inspections

Available strictly by appointment via the joint agents.

For further information or to arrange an inspection, please contact MMJ Real Estate (WA) & Sterling Property.

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
361-363 Hay Street (& 258 Churchill Avenue), Subiaco, WA 6008 Subiaco
Enquire