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London Court 647 Hay Street Perth WA 6000

  • Shop & Retail
  • 3,021 m²
  • For Sale, Offers Invited

Iconic CBD Retail Asset Offered for the First Time in 70 Years

  • High Traffic Hay St to St Georges Tce
  • 1,712 sqm CBD Freehold Site
  • Heritage Listed Iconic Retail Court

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.

Ian Mickle
Colliers International Perth
Ian Mickle
Colliers International Perth
James Wilson
Colliers International Perth
James Wilson
Colliers International Perth
Wayne Lawrence
Colliers International Perth
Wayne Lawrence
Colliers International Perth

Property Highlights

Property ID2016957362
Floor Area3,021 m²
Land Area1,712 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  27 Apr 2021
Map for London Court 647 Hay Street Perth WA 6000
Map for London Court 647 Hay Street Perth WA 6000London Court 647 Hay Street Perth WA 6000
Ian Mickle
Colliers International Perth
Ian Mickle
Colliers International Perth
James Wilson
Colliers International Perth
James Wilson
Colliers International Perth
Wayne Lawrence
Colliers International Perth
Wayne Lawrence
Colliers International Perth

Property Highlights

Property ID2016957362
Floor Area3,021 m²
Land Area1,712 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  27 Apr 2021
Colliers International Perth
Level 26 197 St Georges Terrace Perth WA 6000
Ian Mickle
Colliers International Perth
Ian Mickle
Colliers International Perth
James Wilson
Colliers International Perth
James Wilson
Colliers International Perth
Wayne Lawrence
Colliers International Perth
Wayne Lawrence
Colliers International Perth
Ian Mickle

Ian Mickle

Colliers International Perth

James Wilson

James Wilson

Colliers International Perth

Wayne Lawrence

Wayne Lawrence

Colliers International Perth

+61 *** ***
+61 434 659 800

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