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1,348sqm CBD Development Site - Potential 18 Levels

272-274 Hay Street, EAST PERTH WA, 6004

For Sale

Property for Sale in 272-274 Hay Street, EAST PERTH WA, 6004

Ray White Commercial (WA)

Ground Floor, 12-14 The Esplanade, Perth, WA 6000

Listing ID:
11377384
Status:
Active
For:
Sale
Price:
$4,950,000 + GST
Last Updated:
05/03/2020
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Property Type

Land/Development
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Land Area

1348 SQM
Icon size

Floor Area

N/A
Icon parking

Parking

20

1,348sqm CBD Development Site - Potential 18 Levels

272 & 274 Hay Street in East Perth are available to purchase in one line, with a total landholding of 1,348sqm. The site is available with vacant possession or with a lease back.
272 Hay Street is currently operating as a supermarket and 274 Hay Street is currently operating as a restaurant.

Zoned "Town Centre" under the City of Perth's Planning Scheme No.2, the property falls under the Goderich Precinct. The site can potentially be developed to 18 levels with a neighbouring site already receiving DA approval for this height.

This is a unique development opportunity with ability of negotiating holding income for 3 - 5 years following settlement.

The site has a 25.59m frontage Hay Street Frontage, with side and rear right, external, public ROW's significantly increasing the development and design options for the site.

272 Hay Street, East Perth
- Land area - 673sqm
- Building area - 400sqm
- Tenant - Golden Treasure Chinese Restaurant
- Leaseback arrangement - 3 - 5 years

274 Hay Street, East Perth
- Land area - 675sqm
- Building area - 550sqm
- Tenant - Golden Hay Supermarket
- Leaseback arrangement - 3 - 5 years

20 parking bays

This property is strategically located with surrounding Residential - Hotel - Retail Developments. This is not an investment property, it is for a landholding with a reasonable income located on Hay Street, one of the most recognised arterial roads in the Perth CBD, now offered for Sale.

For further information or to arrange an inspection please contact:

Stephen Harrison
Ray White Commercial (WA)
0421 622 777
stephen.harrison@raywhite.com

*approximate

For more details, please email agent


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Ray White Commercial (WA)

Ground Floor, 12-14 The Esplanade, Perth, WA 6000


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