Watch Watch
Your home of Development Ready videos
Watch Watch
Back

169 Hay Street, East Perth, WA, 6004

+11 Photos
×

169 Hay Street, East Perth, WA, 6004

Properties / Buy / Western Australia / East Perth
Development Potential

1. Property Summary

Property Type
Commercial, Child/Healthcare
Sub Type
Office, Medical
Land Area
1,832 m² (*approx)
Selling Method
For Sale: Offers over $10,000,000 + GST (if applicable)
Show All

2. Property Highlights

CITY OFFICE BUILDING - WELL BELOW REPLACEMENT VALUE!
  • OWNER OCCUPIER OPPORTUNITY FOR 2,985m2!
  • DEVELOPMENT & INVESTMENT UPSIDE!
  • OCCUPY, REPOSITION, REFURBISH, DEVELOP!

4,446m2 of NLA Building Area over 7 levels, with floorplates ranging from 555m2 to 1,460m2 with excellent natural light!
Recent capital works were completed including upgrades to the façade, installation of end of trip facilities, upgrade of the lifts and air conditioning plant.
Opportunity for investors to re-position, lease and add significant value.

+ 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
+ Capital Works completed recently
+ 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 (if applicable)

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

Read More

1. Property Summary

Property Type
Commercial, Child/Healthcare
Sub-type
Office, Medical
Land Area
1,832 m² (*approx)
Selling method
For Sale: Offers over $10,000,000 + GST (if applicable)

2. Property Highlights

CITY OFFICE BUILDING - WELL BELOW REPLACEMENT VALUE!
  • OWNER OCCUPIER OPPORTUNITY FOR 2,985m2!
  • DEVELOPMENT & INVESTMENT UPSIDE!
  • OCCUPY, REPOSITION, REFURBISH, DEVELOP!

4,446m2 of NLA Building Area over 7 levels, with floorplates ranging from 555m2 to 1,460m2 with excellent natural light!
Recent capital works were completed including upgrades to the façade, installation of end of trip facilities, upgrade of the lifts and air conditioning plant.
Opportunity for investors to re-position, lease and add significant value.

+ 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
+ Capital Works completed recently
+ 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 (if applicable)

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

Read More
Development Potential

3. Property Location

169 Hay Street, East Perth, WA, 6004

Property Map

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into DevelopmentReady to allow access

Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Download Report
Download Report
169 Hay Street, East Perth, WA, 6004 East Perth
Enquire