SOLD
RECENT ADVICE
Sold on 10 Jun 2024 for $876,000

8/531 Hay Street
Subiaco WA 6008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 503m2
Land area: 503m2
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Property Details for 8/531 Hay St, Subiaco

Building Type
Commercial
Floor Size
503m2
Land Size
503m2
Local Government
Subiaco
Lot/Plan
8/S017651

Last Listing description (June 2024)

Realmark Commercial is pleased to offer to the market for sale 8/531 Hay Street, Subiaco.Split into two separate ground floor tenancies, this property offers a unique opportunity for investors to purchase a commercial property with a high level fit out and strong Tenants in place - KX Pilates and Subiaco Physiotherapy. Located in the core of Subiaco, the property benefits from several transport links, cafes, banks, supermarkets, pubs, service stations and is ideal for investors looking to secure a quality asset.Subiaco is currently experiencing rapid population growth with new developments (Subi One, Subi East among others) driving activity back into the area.Features:- Strata Area combined: 503sqm*- KX Pilates - 253sqm*- Subiaco Physiotherapy - 250sqm*- 3 Secure car bays - Leased at $2,400pa* GST- Ground floor fronted tenancy- Abundance of customer parking at grade- 100% leased to two local tenants, Leased on 5 + 5-year terms.- End of trip facilities- Exceptional high quality fit out throughout- M/F Toilets - Disabled accessFor Sale: Contact Agent. The property is being sold as a Going Concern (GC)For further information or to arrange an inspection please contact the exclusive listing agents.*Approx.

Property History for 8/531 Hay St, Subiaco, WA 6008

A timeline of how this property has performed in the market
Last Sold
$876,000
10 Jun 2024
Listed for Rent
$776/w
11 Jan 2023
  • 10 Jun 2024
    Sold for $876,000
  • 02 Sep 2023
    Listed for Sale Price on Application
  • 27 Jan 2022
    Listed for Rent - Price not available
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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 7,080 properties.

    There are currently 33 properties listed for sale, and 32 properties listed for rent in Subiaco on OnTheHouse. According to CoreLogic's data, 394 properties were sold in the past 12 months in Subiaco.

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