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663 Hay Street
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 455m2
Land area: 290m2
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Prime Hay Street Mall - High return plus value add opportunities

663 Hay Street Mall a two three storey freehold property is positioned in the absolute heart of the Hay Street Mall.
The property is offered for sale as a fully leased investment (major national retail group) with a net income of $374,086* per annum.
The focal position is underpinned by the impending major transformation of Carillon City directly opposite (recently acquired by the Forrest family), which is set to undergo a massive redevelopment program. Other major CBD projects include the new 60,000sqm* ECU Academy of Performing Arts Campus.
• Total building area 455sqm*
• Ground floor area 239sqm*
• Total site srea 290sqm*
• Front, side and rear access
• $374,086pa current net passing income
• Bras n' Things (global retailer)
• Upper levels in excellent condition
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Property Details for 663 Hay St, Perth

Building Type
Commercial
Floor Size
455m2
Land Size
290m2

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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. It has 21 parks covering nearly 18.1% of total area. The population of Perth in 2011 was 9,236 people. By 2016 the population was 11,424 showing a population growth of 23.7% in the area during that time. The predominant age group in Perth is 20-29 years. Households in Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Perth work in a professional occupation. In 2011, 37.1% of the homes in Perth were owner-occupied compared with 35.1% in 2016.

Perth has 11,658 properties. Over the last 5 years, Houses in Perth have seen a 31.76% increase in median value, while Units have seen a 44.24% increase. As at 30 September 2024:

  • The median value for Houses in Perth is $1,018,196 while the median value for Units is $548,283.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 164 properties listed for sale, and 72 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 810 properties were sold in the past 12 months in Perth.

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Michael Milne
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