52 Lord Street, East Perth, Western Australia
52 Lord Street is substantial fringe CBD development site of 4,882sqm. The property has prominent….
Case Studies
14 & 15/524 Hay Street, Perth, Western Australia
Unit 14 & 15, 524 Hay Street Perth is a beautifully appointed office leased to one of Australia’s largest legal firms in the very heart of Perth’s legal quarter.
Strategically located in the heart of Perth’s legal quarter with close proximity to the Supreme Court of WA , the Federal Courts, District Courts and the Magistrates Courts as well as the Treasury precinct and Perth Library, the property comprises of 528sqm of strata floor with a beautiful office fit out.
Key attributes include:
- Level 5 with two strata units giving future flexibility
- location on the northern side of Hay Street
- Surrounded by Supreme Court, Federal Court, District Court and Magistrate Court
- Fully leased with 3.5 years remaining plus options
- Net Passing Income $238,066 pa
- Net Return of 8.2%
| Sales Analysis | |
| Sale Price: | $2,800,000 |
| Sale Date: | Oct 2023 |
| Yield – Passing: | 8.5% |
| Price/sqm Strata Area | 5,303/sqm |
| Vendor: | Private Perth Investors |
| Purchaser: | Dubai Private Investor |
| Sales Process: | Private Treaty 6 offers received |