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SOLID LEASED INVESTMENT YIELDING $150,232 NET RENTAL-HOWA...

423 Hay Street, SUBIACO WA, 6008

For Sale

Property for Sale in 423 Hay Street, SUBIACO WA, 6008

Listing ID:
11358292
Status:
Active
For:
Sale
Price:
$2,800,000 NIL GST
Last Updated:
31/08/2019
Icon building

Property Type

Retail/Showrooms/Bulky Goods
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Land Area

528 SQM
Icon size

Floor Area

515 SQM
Icon parking

Parking

N/A

SOLID LEASED INVESTMENT YIELDING $150,232 NET RENTAL-HOWARDS STORAGE WORLD AND GLAMOUR NAIL BAR

The property is located just 110 metres from the central hub of Subiaco being the intersection of Hay Street and Rokeby Road where you will find the renown and historic Regal Theatre and Subiaco Hotel. The property has brilliant exposure to vehicles and pedestrians using Hay Street in this busy high street shopping precinct. This exposure attracts long term tenants like Howards Storage World and Glamour Nail Bar.

The building takes up almost the whole site of 528 square metres and is approximately 515 square metres comprised of two of two tenancies totaling 450 square metres net lettable area. The building is constructed of brick with metal roof. Howards Storage World has roller door delivery access to a service lane-way at the rear of the building where they use an area of their tenancy for racking storage. Internally the tenancies have ceiling and lighting plans and are serviced by reverse cycle air-conditioning. Howards Storage World and the Glamour Nail Bar share a common amenities area at the rear.

Net rental for the property is $150,232 and ($158,059 if owner managed).

The main tenant is Howards Storage World who have been in the property since February, 2006.

The second tenant is Glamour Nail Bar who have been in the property since August, 2016.

For full details please contact exclusive agents.

For more details, please email agent

Ron Farris Real Estate Pty Ltd

Suite 9, 23 Richardson Street, South Perth, WA 6151


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