919 HAY STREET
Improvements comprise a modern 14-storey, A-grade office building completed in 2010 and three adjoining heritage listed properties providing retail accommodation.
The building features three ground floor restaurant & retail tenancies including Hugo Boss, Tiny Roma’s and Seafood & Steaks, basement parking inclusive of 78 car bays and end of trip facilities, 12 further levels of accommodation providing 13,360sqm* of office space, floor place of approx. 1,070sqm*, extensive glazing providing good natural lighting to tenancies and a 5.0 – star NABERS Energy rating and 4.5 star Water rating. The property benefit from refurbished open plan floors, refurbished end of trip and refurbished lobby.
The 13,360sqm* modern office component was 100% vacant at date of sale, with only the retail & heritage accommodation tenancies leased. We understand the purchaser had allocated $5m for ACP rectification works essentially increasing the purchase price of the building to $72.8m ($4,857sqm*).
|Sale Date:||December 2020|