169 Hay Street

East Perth WA 6004

For Sale

Sale price Offers over $10,000,000 + GST (if applicable)

offices Floor Area: 4446m2 Land Area: 1832m2 Car Bays: 32
Highlights
OCCUPY, REPOSITION, REFURBISH, DEVELOP!
OWNER OCCUPIER OPPORTUNITY FOR 2,985m2
DEVELOPMENT & INVESTMENT UPSIDE!

MULTIPLE "VALUE ADD OPPORTUNITIES - WHOLE BUILDING - PRICED TO SELL!

4,446m2 of NLA Building Area over 7 levels, with floorplates ranging from 555m2 - 1,460m2 with excellent natural light! Recent capital works were completed in 2020 including upgrades to the façade, installation of end of trip facilities, upgrade of the lifts and air conditioning plant. + 1,832m2 Total Land Area + 32 onsite Secure undercover car-bays + End Of Trip Facilties + Owner Occupier opportunity for 2,985sqm* over Levels 2 - 6 + 32.8% Leased to Radio 6PR & Radio 96FM + Already had Significant Capital Works completed. + Potential for Reposition to residential apartments, hotel or short stay + 0 star NABERS Energy Rating Total Land Area 1,832sqm* Planning & Development: The subject property is zoned "Office/Residential' under City of Perth Town Planning Scheme No. 2. Based upon the Plot Ratio allowance the site could potentially be developed with an additional 2,882sqm* of floor area in line with the maximum 4.0:1 Plot Ratio allowance (subject to City of Perth approvals). Clause 28 of the City of Perth's City Planning Scheme No 2 provides scope for the Council to increase plot ratio by up to 50% from the specific maximum Plot Ratio as part of a planning application and approval. A High Quality Hotel could qualify for a maximum 40% Bonus Plot Ratio. Location: The building is situated in the convenient and leafy eastern Hay Street precinct surrounded by offices, hotels and short stay accommodation as well as hospitality and retail outlets. The property has excellent public transport links and easy access to the Graham Farmer Freeway providing road access to Perth CBD, Great Eastern Highway and the Airport as well as to the freeways North and South via the Northbridge Tunnel. + 500m* from WACA + 750m* from Swan River + 1.4km* from Perth CBD + 1.8km* from Optus Stadium + 2.0km* from Northbridge + 2.1km from Elizabeth Quay + 2.3km from future ECU City Campus + 10.7km* from Perth International/Domestic Airport Asking Price: Offers over $10,000,000 + GST Goods and Services Tax: The Sellers are registered for GST and the property is sold on a plus GST basis. For further details please contact the Selling Agents. *Approx

Parking Comments

32 Allocated Onsite Secure Undercover Carbays

Adam Smith

Director, Sales & Leasing

Anthony Morabito

Director

Primary Agent

Adam Smith

Director, Sales & Leasing