274 Hay Street

East Perth WA 6004

272 and 274 HAY STREET, EAST PERTH* Front and Rear Access - Not in Lots* 25.59 metres Hay Street Frontage* 1,348 square metres Land Holding272 HAY STREETLand Area 673 square metresImprovements - 400 square metres building incorporating restaurant and store area274 HAY STREETLand area 675 square metresImprovements - 550 square metres trading as a supermarketTOTAL LAND AREA1,348 square metres,Frontage to Hay Street 25.59 metresTotal building 950 square metresIMPORTANT INFORMATIONThis site is unique that it has side and rear right of ways that are not included in the Lots, so you have Hay Street access which is invaluable. If the future intention is to develop this site to access rear parking etc. These are gazetted right of ways and cannot be extinguished.TENANCY DETAILS - 272 HAY STREETTenant - Golden Treasure Chinese Restaurant Lease - 5 years commencing 01/04/2019Rental - $50,000 pa plus Variable Outgoings and GSTTENANCY DETAILS - 274 HAY STREETTenant - Golden Hay SupermarketLease - 5 years commencing 01/04/2019Rental - $70,000 pa plus Variable Outgoings and GSTNote: This is a holding income only. Both businesses have been trading on this site for several years.ZONINGGoverned by The City of Perth and is zoned "Town Centre" under City Planning Scheme No.2. The property is situated within the Goderich Precinct. Basic zoning information attached. We urge any prospective purchaser to discuss their use with the City of Perth, subject to City of Perth approval. This site can be developed to 18 levels, there is a DA approval at 286 Hay Street for this height.GENERALThis property is strategically located with surrounding Residential - Hotel - Retail Developments. This is not an investment property, it is for a land holding with a reasonable income located on Hay Street, one of the most recognised arterial roads in the Perth CBD, now offered For Sale.