315 Hay Street Subiaco WA 6008

Shop & Retail
306 m²
Sold

Prime Subiaco Investment Property

Successful Restaurant Premises 50 Years
Iconic Business Location
Corner Townshend Road

Realwest Property is pleased to offer For Sale 315 Hay Street on the corner of Townshend Road, Subiaco.

Many people will recognize this building and intersection on Hay Street in Subiaco for its prominence and the restaurants that have operated from the building for over 50 years.The current tenant, The Santa Fe Mexican Restaurant has been trading since 1999.

Improvements
Restaurant 208 sqm
Garden alfresco 76 sqm
Storage 22 sqm
Total 306 sqm

Zoning
Commercial/Residential - City of Subiaco TPS

Tenancy
Leased to the Santa Fe Mexican Restaurant until 28 February, 2020
Net Income - $121,222 pa + Outgoings + GST
Rent Review - 4% increase, 1 March, 2019

17/18 Statutory Budgeted Outgoings
City of Subiaco rates $10,200 pa
Water Corporation rates $ 3,100 pa
Land Tax $ 4,600 pa

Goods and Services Tax
The property is sold as a "Going Concern".

Price
Offers To Purchase closing 4pm AWST, Friday 11th May, 2018.

For further information or to arrange an inspection, please contact the exclusive selling agent Hayden Smith 0408 909 899.