Colliers is delighted to offer, for sale by Expressions of Interest, 856 & 858 Hay Street, Perth. A rare opportunity to purchase a leased freehold investment properties anchored by strong performing Chemist Warehouse in Perth’s most sought after and tightly held “West End” location with future redevelopment potential.

• Perth CBD’s most sought-after location
• Anchored by a strong performing Chemist Warehouse
• Fully leased rent $680,664pa*
• Landmark two-story character buildings
• Land area - 802sqm
• Future redevelopment potential
• Offered for sale together or individually


Location:
The properties are situated in the heart of the west end of the Perth CBD widely regarded as the CBD’s most sought-after location. The properties benefit from high levels of passing foot and vehicle traffic, easy access to public car parking and their close proximity to the Hay and Murray Street Malls, King Street and St Georges Tce.

Improvements:
856 Hay Street, Perth: The property, known as the Crown Building, consists of a two-level character building plus basement area and approx. 4 car secure car bays accessed via a rear R.O.W.
858 Hay Street, Perth: The property, known as the Rechabite Building, consists of a two-level character building plus basement area and a secure car bay accessed by a rear R.O.W.

Rent
856 Hay Street, Perth: $321,288pa (approx)
858 Hay Street, Perth: $359,376pa (approx)
Total rent: $680,664pa (approx)
Please contact the selling agent for further information.

Land Details:
856 Hay Street, Perth: 400sqm
858 Hay Street, Perth: 402sqm
Total Land Area: 802sqm

Zoning and Development Guidelines
Zoning - City Centre
Plot Ratio - 5:1 plus bonuses

GST:
The sellers are registered for GST and the properties will be sold as a “Going Concern”.

Asking Prices
The properties are offered for sale together or individually. Please contact the selling agents for further details.

For further information, or to arrange an inspection, please contact the Exclusive Selling Agents