Colliers International is delighted to present a rare opportunity to secure a leased pharmacy investment at Unit 3, 731 Hay Street Mall, Perth.
This lot is one of only three ground floor lots at the bottom of the Gledden Building, a 1930's 10-storey CBD building named after Robert Gledden who helped finance the purchase of land for UWA.
This corner lot faces the busy Hay Street Mall, one of Perths busiest shopping precincts. The property is right in the heart of Perth CBD, providing it outstanding exposure to foot traffic 7 days a week.
Investment highlights include:
>69.2 square metre strata lot facing one of Perths busiest malls >5.1 metres of frontage to Hay St Mall, plus 13.7 metres of frontage to Gledden Arcade >7 year lease with a net rental of $185,000* per annum plus outgoings & GST >Established pharmacy business operating in Perth CBD for decades >Fixed annual 3% rent reviews
