938 Hay Street Perth, WA 6000
Priced from $6,975,000
Secure lock up garage
City of Perth
Tenanted Investment Details
Prestigious Perth CBD West End Investment
- Potential net income $433,344* pa
- Prime high profile corner location
- Building area 840 sqm*
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.
Excess Plot Ratio: 0.9 : 1
Developable Floor Area: 464 sqm
Potential Fully Leased Yield: 6.20%
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