272-274 Hay Street, East Perth, WA 6004

Development/Land | Retail | Offices

Sold $2,000,000

  • Property ID: 360013
  • Land Area: 1348m²
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A N/A 1348m2 N/A
1,348sqm CBD Development Site - Potential 18 Levels

272 & 274 Hay Street in East Perth are available to purchase in one line, with a total landholding of 1,348sqm. The site is available with vacant possession or with a lease back.
272 Hay Street is currently operating as a supermarket and 274 Hay Street is currently operating as a restaurant.

Zoned "Town Centre" under the City of Perth's Planning Scheme No.2, the property falls under the Goderich Precinct. The site can potentially be developed to 18 levels with a neighbouring site already receiving DA approval for this height.

This is a unique development opportunity with ability of negotiating holding income for 3 - 5 years following settlement.

The site has a 25.59m frontage Hay Street Frontage, with side and rear right, external, public ROW's significantly increasing the development and design options for the site.

272 Hay Street, East Perth
- Land area - 673sqm
- Building area - 400sqm
- Tenant - Golden Treasure Chinese Restaurant
- Leaseback arrangement - 3 - 5 years

274 Hay Street, East Perth
- Land area - 675sqm
- Building area - 550sqm
- Tenant - Golden Hay Supermarket
- Leaseback arrangement - 3 - 5 years

20 parking bays

This property is strategically located with surrounding Residential - Hotel - Retail Developments. This is not an investment property, it is for a landholding with a reasonable income located on Hay Street, one of the most recognised arterial roads in the Perth CBD, now offered for Sale.

For further information or to arrange an inspection please contact:

Stephen Harrison
Ray White Commercial (WA)
0421 622 777
stephen.harrison@raywhite.com

*approximate

East Perth Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4751 --- ---
Retail $9357 $629 6.72%
Offices $9357 $443 4.73%
This is the average advertised price, rent and yield for East Perth, WA 6004*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×