199 Hay StreetEast Perth WA 6004
Property Details for 199 Hay St, East Perth
Last Listing description (July 2024)
LOCATION:
This existing commercial building is located at the busy end of Hay Street, East Perth and has access through to Adelaide Terrace, (Postal Address 148a Adelaide Terrace).
The location provides great exposure to the local bars, cafes, shops, parks and transport with plenty of street parking.
DESCRIPTION:
The four levels of commercial office accommodation are currently vacant. There is now an opportunity to purchase this particular 1,770 sqm site (building lettable area 3400sqm) with the potential of partly demolishing the building, (existing office area) and retaining 5 levels of under croft parking.
The objective may be to build a 13 level residential building on top of the existing 112 bay car park. The residential building can be used for duel purposes. Architectural design concept drawing are available for particular buyers to pursue in their endeavours to maximise the potential of the site.
DEVELOPMENT POTENTIAL SUMMARY
SITE AREA: Approx. 1,770 sqm.
PRECINCT: P13 Adelaide / P14 Goderich.
SCHEME USE: Office/Residential.
PLOT RATIO: 4:1 (7,080 sqm).
MAX BONUS RATIO: 20% with potential for extra.
PLOT RATIO + 20%: 8,496 sqm can be claimed.
COMMENTS: Well below replacement costs.
Please contact Darrell Crouch for further information.
Property History for 199 Hay St, East Perth, WA 6004
- 16 Aug 2019Listed for Sale $9,000,000 (Conditional)
- 14 Oct 2016Listed for Sale $9,000,000 (Conditional)
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About East Perth 6004
The size of East Perth is approximately 3.2 square kilometres. It has 21 parks covering nearly 33.5% of total area. The population of East Perth in 2016 was 10596 people. By 2021 the population was 11681 showing a population growth of 10.2% in the area during that time. The predominant age group in East Perth is 30-39 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation.In 2021, 36.40% of the homes in East Perth were owner-occupied compared with 37.60% in 2016.
East Perth has 8,400 properties. Over the last 5 years, Houses in East Perth have seen a 50.32% increase in median value, while Units have seen a 51.98% increase. As at 31 January 2026:
- The median value for Houses in East Perth is $1,485,850 while the median value for Units is $703,963.
- Houses have a median rent of $1,000 while Units have a median rent of $750.
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