London Court 647 Hay Street Perth WA 6000

Colliers is delighted to present for sale, for the first time in over 70 years, a truly unique retail investment - London Court, Perth. This trophy retail asset stands proudly in the heart of Perth CBD on a strategic 1,712 sqm freehold site. London Court provides a vital pedestrian link between Hay Street Mall, St Georges Terrace and onto Elizabeth Quay, attracting a large number of workers and tourists alike each day. Major development underway nearby at Elizabeth Quay will generate additional activity in immediate area.

The heritage listed, 4 storey building is secured by 34 retail and 57 commercial tenancies across 3,021 sqm with all retail tenancies facing the pedestrian thoroughfare. The asset has a history of strong performance with 35% of tenancies in occupation for over 10 years and a secure 1.9 year WALE (by income).

This prized asset has been kept in excellent condition with regular refurbishments and there is potential to add further value through introducing F&B retailers and residential uses (STCA). A $1.5 billion 'Activate Perth' program to revitalise the CBD and activate the upper level tenancies to further drive income security and growth.

London Court, Perth is offered for sale by International Expressions of Interest closing Thursday, 3rd June 2021.

Purchasers are invited to contact the exclusive selling agents for further information or to schedule a private viewing of the property.