Unit 3, 731 Hay Street Mall
Perth, WA 6000
Prime Hay Street Mall Investment
- 69.2m² strata area
- 7 year lease
- Extremely high foot traffic location
This lot is one of only three ground floor lots at the bottom of the Gledden Building, a 1930's 10-storey CBD building named after Robert Gledden who helped finance the purchase of land for UWA.
This corner lot faces the busy Hay Street Mall, one of Perth’s busiest shopping precincts. The property is right in the heart of Perth CBD, providing it outstanding exposure to foot traffic 7 days a week.
Investment highlights include:
69.2 square metre strata lot facing one of Perth’s busiest malls
5.1 metres of frontage to Hay St Mall, plus 13.7 metres of frontage to Gledden Arcade
7 year lease with a net rental of $185,000* per annum plus outgoings & GST
Established pharmacy business operating in Perth CBD for decades
Fixed annual 3% rent reviews
This rare opportunity is available for sale with an asking price of $3,250,000 (sold as a going concern).
Property ID: 503378310Last Updated: 12 Nov 2019