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 Area5,303/sqm
Vendor:Private Perth Investors
Purchaser:Dubai Private Investor
Sales Process:Private Treaty
6 offers received
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