59 Hamersley Road Subiaco WA 6008

LJ Hooker Commercial Perth and The Health Linc as Joint Exclusive Agents are pleased to offer For Sale 59 Hamersley Road, Subiaco.

This is a fantastic opportunity to purchase a fully leased medical property in the heart of Subiaco.

Key Details:
- Long standing medical tenant (BUPA)
- Total building area 300sqm*
- Total land area: 973sqm*
- Up to 14 onsite car bays
- Excellent connectivity to public transport routes and various road networks
- Near One Subiaco by Blackburne, the regeneration of the Pavilion Markets site
- Easy walking distance to Kings Park

Permitted Use:
Dental Practice under the City of Subiaco.

The City of Subiaco recently endorsed the new Local Planning Scheme No.5 (LPS5).

Location:
Situated in an affluent inner metropolitan suburb only 3km west of the Perth CBD, the property is located on the southern side of Hamersley Road on the corner of Townshend Road.

The property benefits from dual street frontages and ROW access to parking and is close to the Subi East development project area that includes Subiaco Oval, Bob Hawke College, Mueller Park, the former Princess Margaret Hospital site.

The property is occupied by a strong lease covenant (BUPA Dental Corporation) and is within close proximity to Subiaco Train Station, Subiaco Square and major transport routes and amenities.

Current Lease Particulars:
Lessee: DC Holdings WA Pty Ltd (BUPA)
Lease Term: 10 years
Lease Expiry: 27th March 2024
Option: 2 x 5 year options
Current Net Income: $155,000 pa + GST
Rent Reviews: Fixed CPI annual increases. Market review at option.
Outgoings: Payable by the Lessee

For Sale By:
Expressions Of Interest

Price Guide
$2,500,000 (Going Concern)

To arrange an inspection or obtain an Information Memorandum please contact Exclusive Selling Agents Brian Neo on 0411 868 486 or Brad Potter on 0411 185 006.

*approx

Highlights:
* Leased Medical Investment
* Secure income
* Strong lease covenant - BUPA Dental