1314 Hay Street,
West Perth, WA 6005
Offices
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Land area
Floor area
Car spaces
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Zoning
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Map of 1314 Hay Street
WEST PERTH OFFICE INVESTMENT WITH SIGNIFICANT UPSIDE
Securely Leased to Marketforce Ltd one of Perth's foremost Marketing Agencies who have occupied the building for over 40 years.
Net Rental
$653,162 - The Net Rental is less than $294 per square metre for the office and around $207 per car bay per calendar month which would be considered below market rent.
Rent Reviews are fixed at 4% per annum.
Location
Between Thomas and Outram Streets opposite Ventnor Avenue on Hay Street, West Perth.
Land Area
1250sqm with Hay and Cook Street frontage.
Zoning
Commercial with plot ratio 2 for office and 3 for residential development.
Improvements
3 level office building with a net area of 1892sqm plus 37 secure undercover car bays plus 3 open bays all with access from Cook Street.
Refurbishment
New modern internal fitout just completed by the Lessee plus new air conditioning system installed by the Lessor.
Tenancy
Lessee Marketforce Limited (occupier for over 40 years)
Leased until March 2019 plus options.
This investment offers tremendous upside through future rental growth and development options plus the security of a quality tenant.
Offered for sale by Offer to Purchase closing 3pm (WST) Thursday 22nd May 2014.
Net Rental
$653,162 - The Net Rental is less than $294 per square metre for the office and around $207 per car bay per calendar month which would be considered below market rent.
Rent Reviews are fixed at 4% per annum.
Location
Between Thomas and Outram Streets opposite Ventnor Avenue on Hay Street, West Perth.
Land Area
1250sqm with Hay and Cook Street frontage.
Zoning
Commercial with plot ratio 2 for office and 3 for residential development.
Improvements
3 level office building with a net area of 1892sqm plus 37 secure undercover car bays plus 3 open bays all with access from Cook Street.
Refurbishment
New modern internal fitout just completed by the Lessee plus new air conditioning system installed by the Lessor.
Tenancy
Lessee Marketforce Limited (occupier for over 40 years)
Leased until March 2019 plus options.
This investment offers tremendous upside through future rental growth and development options plus the security of a quality tenant.
Offered for sale by Offer to Purchase closing 3pm (WST) Thursday 22nd May 2014.
Property ID: 501127491Last Updated: 30 Jul 2014
04189264...
1314 Hay Street
West Perth, WA 6005
Knight Frank - PerthLevel 37, 2 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
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