169 Hay Street, East Perth, WA 6004

Offices

For Sale

  • Property ID: 436532
  • Occupancy: Vacant
MULTIPLE "VALUE ADD OPPORTUNITIES - WHOLE BUILDING - PRICED TO SELL!

4,446m2 of NLA Building Area over 7 levels, with floorplates ranging from 555m2 - 1,460m2 with excellent natural light! Recent capital works were completed in 2020 including upgrades to the façade, installation of end of trip facilities, upgrade of the lifts and air conditioning plant. + 1,832m2 Total Land Area + 32 onsite Secure undercover car-bays + End Of Trip Facilties + Owner Occupier opportunity for 2,985sqm* over Levels 2 - 6 + 32.8% Leased to Radio 6PR & Radio 96FM + Already had Significant Capital Works completed + Potential for Reposition to residential apartments, hotel or short stay + 0 star NABERS Energy Rating Total Land Area 1,832sqm* Planning & Development: The subject property is zoned "Office/Residential' under City of Perth Town Planning Scheme No. 2. Based upon the Plot Ratio allowance the site could potentially be developed with an additional 2,882sqm* of floor area in line with the maximum 4.0:1 Plot Ratio allowance (subject to City of Perth approvals). Clause 28 of the City of Perth's City Planning Scheme No 2 provides scope for the Council to increase plot ratio by up to 50% from the specific maximum Plot Ratio as part of a planning application and approval. A High Quality Hotel could qualify for a maximum 40% Bonus Plot Ratio. Location: The building is situated in the convenient and leafy eastern Hay Street precinct surrounded by offices, hotels and short stay accommodation as well as hospitality and retail outlets. The property has excellent public transport links and easy access to the Graham Farmer Freeway providing road access to Perth CBD, Great Eastern Highway and the Airport as well as to the freeways North and South via the Northbridge Tunnel. + 500m* from WACA + 750m* from Swan River + 1.4km* from Perth CBD + 1.8km* from Optus Stadium + 2.0km* from Northbridge + 2.1km from Elizabeth Quay + 2.3km from future ECU City Campus + 10.7km* from Perth International/Domestic Airport Asking Price: Offers over $10,000,000 + GST Goods and Services Tax: The Sellers are registered for GST and the property is sold on a plus GST basis. For further details please contact the Selling Agents. *Approx Parking Comments 32 Allocated Onsite Secure Undercover Carbays

East Perth Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4751 --- ---
Offices $9357 $443 4.73%
Retail $9357 $629 6.72%
This is the average advertised price, rent and yield for East Perth, WA 6004*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in WA for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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:

  • 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.
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