169 Hay Street, EAST PERTH WA 6004
Offers from $20,000,000
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- 22 Apr 2017
High Yielding Fully Leased Office Building
- Fully leased to two quality tenants including WA Government.
- Income $1,913,084* pa at 1 September 2016.
- 7 level office building.
- 4,505.5sqm* NLA.
- 4 Star NABERS Energy Rating.
Burgess Rawson are pleased to offer for sale the opportunity to purchase a fully leased, high yielding, seven level office building investment in East Perth.
The property is well located approximately 2 kilometres east of the Perth CBD near the developing Riverside Precinct. The property is surrounded by amenities, cafes and is serviced by public transport including the CAT bus route.
Lot 20 on Diagram 46854 Certificate of Title Volume 1380 Folio 433.
Net Lettable Area
35 secure undercover bays.
The property is fully leased to blue chip tenants including The Government of Western Australia - The Minister for Works (Department of Housing), Radio 96FM Perth Pty Ltd and Radio 6PR Perth Pty Ltd. The investment has an annual net income of $1,953,799*. Refer Selling Agents for further details.
The land is zoned ‘Office/Residential’ by the City of Perth City Planning Scheme No. 2.
The zoning allows for a plot ratio of 4:1 and the site is suitable for future residential or hotel development.
Offers over $20 million (GST Going Concern).
Goods and Services Tax
The Sellers are registered for GST and the property will be sold as Going Concern.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
169 Hay Street EAST PERTH