COURT PRECINCT-MULTIPLE LOTS AVAILABLE
MLV Real Estate and McGees Property Perth, as exclusive selling agents, are pleased to present for sale multiple lots at 524 Hay Street, Perth.
The building is within the highly sought-after Court Precinct, near the corner of Hay Street and Pier Street, benefiting from exceptional surrounding amenity and being circa 100 metres from the District Court of Western Australia and the Magistrates Court. The property is also a short walk from the State Administrative Tribunal (SAT) and David Malcolm Justice Centre, making it an ideal premises for legal, accounting, and professional service business owners looking to secure premises in such a sought-after position. This proximity to the Courts is a unique benefit that all the properties in this building have.
Lot 1 has direct access from Hay Street (Street Level) being a well-appointed commercial property, which has been used as office; however, would suit, subject to council approval (STCA), retail uses given the exposure and high foot traffic count.
The lot comprises approximately 186sqm of strata area and offers an efficient layout that maximises usable workspace. The existing fitout includes a reception area, open plan workstations, multiple individual offices, a boardroom, and a well-appointed staff kitchen and breakout area. Plumbing is also included in this property.
It is rare to be able to acquire a street level tenancy, benefit from high foot traffic counts and such good exposure in this area.
The property is being offered with vacant possession, providing an outstanding opportunity for owner-occupiers to secure a boutique CBD working environment with minimal fitout costs required.
Lot 7 (also known as 7 and 7a) is located on the second floor of the building, facing south over Hay Street. Buyer price guidance for this property is “OFFERS OVER $500,000”.
The property has an area of 163sqm.
Internally the property is fitted out to a good standard, with the floor area separated into two (2) tenancy areas (7 and 7a).
This property represents a rare opportunity where an owner occupier can acquire an outstanding property in the “Courts Precinct”, operate their business from the larger part of the property (7/524 Hay Street), while benefiting from rental income from 7a/524 Hay Street, which leased on a month to month basis at a passing rent of $2,279.20 per month including GST ($24,864 per annum excluding GST).
Lot 11 is an affordable property, which is offered for sale Vacant Possession. Buyer price guidance for this property is “OFFERS OVER $350,000”.
The property has a lettable area (strata area) of 107sqm.
The location of the property is on the level 4, benefiting from a good outlook towards Hay Street.
Fitout is original but serviceable as is, including suspended ceilings, lighting, plus individual offices and meeting rooms.
Don’t miss the chance to buy such a well positioned office (Court Precinct) at these levels.
The building also offers quality on-site amenities including squash courts, secure access, upgraded common areas and the ability to access car bays upon application.
For inspections, please contact exclusive agents Alice Brydges 0415 799 723 and David Lamb 0411 597 952 or Tony Gorman (Director of Agency) 0403 589 994.
