High Yielding Fully Leased Office Building

169 hay street, east perth wa

Price: Offers from $20,000,000

Property Details

- 4,505.5sqm* NLA.
- Income $2,018,447* pa
- Fully leased to two quality tenants including WA Government.
- 7 level office building.
- 4 Star NABERS Energy Rating.

Introduction
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.

Location
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.

Land Details
Lot 20 on Diagram 46854 Certificate of Title Volume 1380 Folio 433.

Land Area
1,832sqm

Net Lettable Area
4,505.4sqm

Car Bays
35 secure undercover bays.

Tenancy Details
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 $2,018,447*. Refer Selling Agents for further details.

Zoning
The land is zoned ‘Office/Residential’ by the City of Perth City Planning Scheme No. 2.

Development Potential
The zoning allows for a plot ratio of 4:1 and the site is suitable for future residential or hotel development.

Asking Price
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.

Featured Details

Gross Building Area 1832 sqm
Land Size 1,832 sqm
Rent Period Annually

Property Enquiry

Thank you for showing interest in us.

Contact Details

Office Details

Level 10, 225 St Georges Terrace Perth WA 6000

T 08 9288 0288 E perth@burgessrawson.com.au

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