15/531 Hay StreetSubiaco WA 6008
Property Details for 15/531 Hay St, Subiaco
Last Listing description (May 2024)
Transact Capital is delighted to present Lot 15 of 531 Hay Street, Subiaco WA FOR SALE via Private Treaty. The opportunity is to acquire a fully leased commercial strata investment comprising two office tenants across 310 sqm of NLA with 10 secure car parking bays. - Fully Leased Net Income: $144,440 PA + GST (INC variable Wilson Parking Income) - Variable Wilson Parking Income: Estimated to be $10,000 pa + GST.- Suit 15A - 160.7 sqm Leased to National Medical Group - Suite 15B - 151.8 sqm Leased to Chartered Accountants - Strong Fixed Annual Rental Increases greater than 3% pa- WALE by income greater than 4 years- Fully fitted office tenancies (transferable with the property).- Secure Tenant Parking and Wilson public parking for customers- Ample amenities from the Subiaco food and beverage precinct - All outgoings fully recoverable from tenants - Lease secuirty provided from both tenants Financial Summary:Net Income: $134,440 pa + GSTVariable Income: $10,000 pa + GST (Approx.)Fully Leased Net Income: $144,440 pa + GSTOutgoings: $28,306* pa + GST (fully recoverable from tenants includes strata levies)Gross Income: $172,746 pa + GSTFor further information or to request a tour of the asset, please contact Geoff Fraser on 0413 624 000.
Property History for 15/531 Hay St, Subiaco, WA 6008
- 13 Mar 2024Sold for $1,900,000
- 10 May 2023Listed for Sale Contact Agent
- 09 Sep 2019Sold for $970,000
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About Subiaco 6008
The size of Subiaco is approximately 3.1 square kilometres. It has 12 parks covering nearly 5% of total area. The population of Subiaco in 2011 was 8,015 people. By 2016 the population was 9,188 showing a population growth of 14.6% in the area during that time. The predominant age group in Subiaco is 30-39 years. Households in Subiaco are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Subiaco work in a professional occupation. In 2011, 50.9% of the homes in Subiaco were owner-occupied compared with 52.4% in 2016.
Subiaco has 7,095 properties. Over the last 5 years, Houses in Subiaco have seen a 61.02% increase in median value, while Units have seen a 57.22% increase. As at 31 October 2024:
- The median value for Houses in Subiaco is $1,850,686 while the median value for Units is $682,891.
- Houses have a median rent of $1,000 while Units have a median rent of $650.
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