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199 Hay Street East Perth, WA 6004

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For Sale

199 Hay Street East Perth, WA 6004

Development Sites & Land • Offices
Sale Price

$9,000,000 (Conditional)

Land area

1770.0m²

Floor area

1770.0m²

Tenure type

Vacant Possession

DEVELOPER OPPORTUNITY - WELL BELOW REPLACEMENT COSTS - 3400sqm Contiguous Fitted Out Office Space - Whole Building - 1,770 sqm site

LOCATION:

This existing commercial building is located at the busy end of Hay Street, East Perth and has access through to Adelaide Terrace, (Postal Address 148a Adelaide Terrace).

The location provides great exposure to the local bars, cafes, shops, parks and transport with plenty of street parking.

DESCRIPTION:

The four levels of commercial office accommodation are currently vacant. There is now an opportunity to purchase this particular 1,770 sqm site (building lettable area 3400sqm) with the potential of partly demolishing the building, (existing office area) and retaining 5 levels of under croft parking.

The objective may be to build a 13 level residential building on top of the existing 112 bay car park. The residential building can be used for duel purposes. Architectural design concept drawing are available for particular buyers to pursue in their endeavors to maximise the potential of the site.

DEVELOPMENT POTENTIAL SUMMARY

SITE AREA: Approx. 1,770 sqm

PRECINCT: P13 Adelaide / P14 Goderich

SCHEME USE: Office / Residential

PLOT RATIO: 4:1 (7,080 sqm)

MAX BONUS RATIO: 20% with potential for extra

PLOT RATIO + 20%: 8,496 sqm can be claimed

COMMENTS: Well below replacement costs

Please contact Darrell Crouch for further information.

Property ID: 502143674Last Updated: 17 Jan 2019

04 1 *** ***
199 Hay Street
East Perth, WA 6004

Agency contacts

Darrell Crouch & Associates Pty Ltd - Joondanna

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Darrell Crouch & Associates Pty Ltd - Joondanna

Suite 5, 21 Wanneroo Road
JOONDANNA, WA 6060
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Send to:

Darrell Crouch
Darrell Crouch & Associates Pty Ltd - Joondanna
199 Hay Street East Perth, WA 6004

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Darrell Crouch

    Darrell Crouch & Associates Pty Ltd - Joondanna
    04 1 *** ***