Prime Hay Street Mall - High return plus value add opportunities

663 Hay Street Mall a two three storey freehold property is positioned in the absolute heart of the Hay Street Mall.

The property is offered for sale as a fully leased investment (major national retail group) with a net income of $374,086* per annum.

The focal position is underpinned by the impending major transformation of Carillon City directly opposite (recently acquired by the Forrest family), which is set to undergo a massive redevelopment program. Other major CBD projects include the new 60,000sqm* ECU Academy of Performing Arts Campus.

• Total building area 455sqm*
• Ground floor area 239sqm*
• Total site srea 290sqm*
• Front, side and rear access
• $374,086pa current net passing income
• Bras n' Things (global retailer)
• Upper levels in excellent condition
• Additional income potential with upper floor occupation and rear of property activation
• Significant future expansion/redevelopment capacity

Price refined for prompt sale.

For further details or to arrange an inspection, please contact:

Michael Milne
RWC WA
0403 466 603
michael.milne@raywhite.com

Brett Wilkins
RWC WA
0478 611 168
brett.wilkins@raywhite.com

*Approx

Explore the area

View in Google Maps

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.