1250 Hay Street, West Perth is a vacant ex banking chambers with prominent exposure encompassing a ground level offices with two upper level areas and a rear secured parking area for 21 cars off Mayfair Lane.
| Sales Analysis | |
| Sale Price: | $3,150,000 |
| Sale Date: | June 2024 |
| NLA | 874sqm* |
| Land area | 1,160sqm |
| Yield – equated | 4.56% |
| Price/land sqm | $2,715/sqm |
| Price/NLA | $3,604/sqm |
| Sales Process: | Expression of Interest campaign |
Vacancy across Perth’s premier retail strips has fallen to 3.26 per cent, a decade low, according to RWC WA’s 10th annual Perth retail strips report. Cottesloe and Leederville recorded no empty shops and Fremantle’s South Terrace posting the sharpest improvement. The report, written by director of capital markets Brett Wilkins and capital transactions analyst Struan … […]
A three-storey commercial centre at 573 Canning Highway, Alfred Cove, has sold for $4 million, to a local medical professional. Brokered by RWC WA agents Michael Milne and Lachlan Burrows, the deal shows growing demand from local buyers seeking operational upside over passive yield investors. The 967sqm freehold building has 14 commercial tenancies and a … […]