189/580 Hay Street

Perth WA 6000

Calling all astute investors! An excellent opportunity has just emerged on the Perth CBD scene. A rare commercial investment opportunity not to be missed. * Freehold leased investment* Enviable stand out location.* Long term tenancy secured* Excellent tenant with good substantial holding income* Asking from $1.55 million. Selling with tenancy as an ongoing concernSituated in a prime location in this mixed used precinct, this property offers 119sqm of unequalled investment opportunity. With the Perth city link redevelopment project and the newly announced City Deal to boost CBD density and economy, this property is poised to be the epic centre for superlative growth, an undeniably prime property.Located on the busy corner of EQUUS Arcade and Hay Street, this is an unparalleled stand out location not to be missed!Building ProfileThe 580 Hay Street's location is a multi-storey commercial and residential complex. The building comprises of ground floor retail, 5 levels of office and 21 levels of apartment above. It is located on the corner of the energetic Hay Street Mall, Murray Street Mall and historic Barrack Street, placing it in the best position to enjoy shopping, entertainment, cultural, recreational and business possibilities. Its location also allows easy access to public transport with Perth bus and train terminal within walking distance. With Elizabeth Quay, Yagan Square, Perth Arena, Langley Park and the Convention Centre all very close by, this location is a natural confluence for business traffic.Property features- 119sqm NLA- 25sqm store room- 3 phase 120 amp power- High profile mall entry location- Grease trap and exhaust duct already in place, provisions allowing for future restaurant useLease Information- Approximately 6% rental yield- Long lease in place- Long term retail tenant with high turnoverThis highly sort after site is an outstanding opportunity for all astute investors. Don't miss out. Call us now and secure the investment of a lifetime!While every care has been taken with the preparation of the information which we believed to be correct at the time of placement of the advertisement, neither the Advertiser, Agent nor the client nor servants of these, guarantee its accuracy. Interested parties must make their own enquiries and satisfy themselves with any aspect. The information contained are not intended to form part of any contract. Users of this advertisement must do their own due diligence and absolutely no liability and/or responsibility will be assumed by the Adviser/Agent/Associated parties etc.