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JLL - Perth
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938 Hay Street Perth, WA 6000

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For Sale

938 Hay Street Perth, WA 6000

Shop & Retail • Offices • Medical & Consulting
Sale Price

Priced from $6,975,000

Land area

513.0m²

Floor area

840.0m²

Car spaces

1

Parking info

Secure lock up garage

Property extent

Whole

Zoning

City Centre

Municipality

City of Perth

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$433,344
Number of Tenants
6 Tenants

Prestigious Perth CBD West End Investment

  • Potential net income $433,344* pa
  • Prime high profile corner location
  • Building area 840 sqm*
Originally constructed in 1928 for the English, Scottish and Australian bank (later ANZ) 938 Hay Street is a beautifully restored two-storey heritage building superbly located at the heart of the popular "West End" of the Perth CBD. The precinct is undergoing a dramatic transformation with multiple new projects recently approved completed or nearing completion

Prominently situated on the corner of Hay Street and Milligan Street, on a 513sqm site, the building accommodates 4 retail tenants on the ground floor including Tiisch Café and Subway, and two office tenancies on level 1.

The 840sqm building is fully tenanted and has a potential fully leased net income of approximately $433,344 pa.

Further development potential exists (STCA) with the opportunity to construct additional floor area using the site's excess plot ratio.

Offered for sale for only the second time in 90 years an inspection of this prestigious CBD asset is a must.

Potential opportunity for an owner occupier for 209sqm offices.

For Sale:

Price: $6,975,000
Includes:
Excess Plot Ratio: 0.9 : 1
Developable Floor Area: 464 sqm
Potential Fully Leased Yield: 6.20%

OR

Price: $7,525,000
Includes:
Excess Plot Ratio: 2.5 : 1
Developable Floor Area: 1,283 sqm (the seller is acquiring an option
for an additional 819sqm of Transferable Floor Area).
Potential Fully Leased Yield: 5.75%

Contact the selling agents to view this rare offering.

Property ID: 503121006Last Updated: 14 May 2019

JLL - Perth
938 Hay Street
Perth, WA 6000
Tom Nattrass

JLL - Perth

Level 29, 152-158 St Georges Terrace
PERTH, WA 6000

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JLL - Perth

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JLL - Perth

Level 29, 152-158 St Georges Terrace
PERTH, WA 6000
Burgess Rawson  - Perth

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Burgess Rawson - Perth

Level 10, 225 St Georges Terrace
PERTH, WA 6000
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Tom Nattrass

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Tom Nattrass
JLL - Perth
938 Hay Street Perth, WA 6000

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

Kind Regards,

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