ENTIRE BUILDING WITH VALUE ADD UPSIDE
MLV Property, as exclusive agents, are proud to present 280 Hay Street, Subiaco – a compelling opportunity for owner-occupiers, investors, or developers looking to secure a strategic asset in the heart of Subiaco.
Subiaco is undergoing significant transformation, led by the Subi East redevelopment, which is set to deliver thousands of new residents, enhanced connectivity, and substantial investment into the precinct. This evolution, alongside a broader push toward mixed-use activation, is expected to drive increased demand for well-located commercial space and underpin long-term value.
The property comprises a green title site of approximately 605sqm, improved with a two-level office building offering approximately 664sqm of Lettable Area. The building is configured into seven individual suites, with one 81sqm suite currently leased on a month-to-month basis.
Additional income is generated via undercroft parking for approximately 16 vehicles, some which are also leased on a month-to-month basis.
Some capital works will unlock the full potential of this asset; however, the owners are realistic and this property provides flexibility and scope to accommodate a range of investor and owner-occupier strategies.
The current building configuration also lends itself to potential strata titling (STCA), which would then allow units to be sold off individually, or in one line, offering further value-add opportunities and investment risk mitigation.
Prominently positioned with Hay Street frontage, the property benefits from strong exposure and direct integration with Subiaco’s established retail and commercial core.
Asset Snapshot:
• Prime 605sqm* green title landholding
• 664sqm* two-level office building with flexible suite configuration
• Modest holding income from one office suite and undercroft parking (month-to-month)
• Capital works will unlock full leasing potential and maximise returns
• Significant value-add opportunity through refurbishment, repositioning or redevelopment (STCA)
• Potential for strata titling given existing building configuration (STCA)
• Prominent Hay Street frontage with strong exposure to Subiaco’s retail and commercial core
• Located within a rapidly evolving precinct
• Opportunity to benefit from increasing demand for well-located commercial space
• Suitable for owner-occupiers, investors or developers
Don’t miss the opportunity to secure a complete building at an affordable level in one of Perth’s best commercial precincts.
For inspections, please contact exclusive agents Alice Brydges 0415 799 723 or Tony Gorman (Director of Agency) 0403 589 994.
