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FOR SALE VIA OFFERS INVITED: Prime Commercial Development Property in the heart of West Perth's bustling retail and business district. This green title property, currently occupied by a publicly listed company on a month-to-month lease, benefits from passing income and is primed for redevelopment.

Initially built as a banking chamber and later repurposed for a retail business, the property is now leased by Skin Elements Limited (SKN), a publicly listed "Formulation Company".

Property Highlights:

• BUILDING AREA: 224.4sqm ground floor plus a 102.7sqm first floor office.


• LAND SIZE: 517sqm* green title lot, which offers potential for future development.


• PARKING: Includes ample on-site parking bays at the rear of the property, accessible via a battle-axed R.O.W.


• LOCATION: Situated on Hay Street, a major arterial road, the property enjoys high visibility and accessibility. It is surrounded by a mix of retail shops, cafes, and professional services.


• TENURE: Currently leased to SKN on a month-to-month lease. This property is suitable for both an investor who may look to negotiate a long-term lease and/or an owner occupier who can give 30 days' notice to vacate after settlement.


• ZONING: Zoned "City Centre" under the City of Perth Town Planning Scheme no.2 and is in Precinct 10 (West Perth).*

*Approximately

** Buyers are to make their own investigations with the City of Perth in relation to zoning and re-development potential.