51 Forrest Street, Subiaco WA 6008

The property was originally zoned residential, however over the years, due to demand for commercial properties, it is now zoned Town Centre Precinct. This zoning allows for mixed use development subject to planning approval.

The land area is 503 square metres with a frontage of 13.48 metres. There is an easement along the eastern boundary and the details can be downloaded from our Growth Realty website.

The property comprises 5 rooms, kitchenette, 2 toilets plus a separate detached office at the rear. There is on site parking for 6 cars. It is currently leased as a commercial office and the Gross rent is $57,000 per annum plus GST. The lease expires the 31 May 2017.

If you have been looking for a character building from which to run your own business, an ideal investment opportunity or a development site in the heart of Subiaco, then this property is one you must view as they seldom come on the market.

PLEASE NOTE, THE OWNER IS NOT REGISTERED FOR GST THEREFORE
GST DOES NOT APPLY TO THE SALE

AUCTION CONTRACT DETAILS

DEPOSIT:- 5.00% of purchase price on the fall of the hammer

SETTLEMENT DATE:- 1 February 2017

A copy of the Auction Contract and the Auction Code of Conduct can be downloaded from the Growth Realty website

City of Subiaco rates $2,120 pa

Water Corporation rates $1,210 pa

Enzo Pagnozzi mobile 0411 865 712