129/1178 Hay StreetWest Perth WA 6005
Property Details for 129/1178 Hay St, West Perth
Last Listing description (March 2019)
Realmark Commercial proudly present to the market for sale this leased investment at 129/1178 Hay Street, West Perth on the ground floor of a mixed-use development. The current tenant at the property is the West Perth Mini Mart, who have been occupying the premises since November 2013.
This high profile property enjoys huge exposure to foot traffic and passing vehicles in the bustling retail and business precinct of Hay Street, and presents as a rare opportunity for any investor.
Details of the property and the lease are as follows:
-Net Lettable Area: 144 sqm
-Current Net Rental: $74,354.42 + GST + Outgoings
-Current Term expiring on 31 October 2023
-5 year option to renew
-Rent Reviews: 3% Fixed Annual Increases
-2 undercover car bays
For more information, please contact Andrew Riley or Mike Rowe
Property History for 129/1178 Hay St, West Perth, WA 6005
- 14 Jan 2019Sold for $1,080,000
- 16 Apr 2015Listed for Sale $1,480,000 GC
- 20 Oct 2009Sold for $1,483,900
Recent sales nearby
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0About West Perth 6005
The size of West Perth is approximately 2.3 square kilometres. It has 11 parks covering nearly 10.3% of total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.
West Perth has 5,853 properties. Over the last 5 years, Houses in West Perth have seen a 68.79% increase in median value, while Units have seen a 63.49% increase. As at 31 December 2025:
- The median value for Houses in West Perth is $1,405,193 while the median value for Units is $682,002.
- Houses have a median rent of $875 while Units have a median rent of $700.
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