Subiaco - large commercial floor plates - strong residual lease income - occupation possible !
RWC WA presents for sale these modern high grade commercial offices (potential for medical consulting rooms use) in the heart of Subiaco.
188 - 198 Churchill Avenue, Subiaco is a modern boutique two storey mixed use strata building, superbly positioned within the heart of Subiaco. This high quality space presents as an absolute value opportunity that is realistically priced, well below replacement cost!
Buyers have the choice of two large format commercial spaces present for sale:
Full ground floor plate
• 930sqm* + exclusive amenities
• 27 basement car bays
• Existing leases expire 2024 (strong income)
• Great fit outs included
• Ideal investment OR owner occupation
Level one offices
• 505sqm* + exclusive amenities
• 13 basement car bays
• Existing Lease expires 31/08/2026
• Net income $165,420pa* (includes car bay income)
• Sizeable Increase due 01/09/2024)
Versatile options for buyers to consider include:
• Investment - strong lease income from sitting tenants
• Owner Occupation - fabulous commercial office accommodation
• Change of Use - potential for education / medical consulting (STCA)
• Potential conversion - residential / short stay accommodation (STCA)
To obtain a detailed Information Memorandum (IM) lodge your enquiry via this website or contact the agents.
Proudly presented for sale by RWC WA as exclusive selling agents:
Michael Milne
Senior Commercial Property Advisor
0403 466 603
michael.milne@raywhite.com
Brett Wilkins
Director, Capital Markets
0478 611 168
brett.wilkins@raywhite.com
*Approximately
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