SOLD
Sold on 23 Feb 2024 for $18,411,725

223-225 Murray Street Mall
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 709m2
Land area: 850m2
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Property Details for 223-225 Murray Street Mall, Perth

Building Type
Commercial
Floor Size
709m2
Land Size
850m2
Local Government
Perth
Lot/Plan
14/P041439

Last Listing description (April 2024)

Two-level retail building with 30 metres fronting the busiest shopping street in Perth. Leased to international fashion retailer ZARA and to national retailer City Beach.The property is located centrally in the heart of Perth's busiest shopping precinct with significant exposure to year-round foot traffic.Retail tenants in this property benefit by being a short walk from Australia's largest fashion retailers and internationally recognised brands such as Sephora, Foot Locker, Cotton On, MYER, David Jones, H&M & UNIQLO.The future of the Murray Street Mall and surrounds is sound and being further improved with the leading developments of CarillonCity and 95 - 99 Barrack StreetConstructed circa 2014, the building was designed to accommodate leading retailers by maximising exposure to the Murray St Mall and Forrest Place.With a wide frontage of 30 metres to Murray Street Mall and fantastic storefront presentation, the property appeals to the high amounts of passing foot traffic. The building extends over two lots and is of reinforced concrete and steel framing construction throughout with the storefront of predominantly aluminum framed glazing. Between the two entrances is the right of carriageway that ensures access through to the rear up to the height of 3.66m.- 100% leased to Zara & City Beach- 1741sqm site - 3007sqm* NLA- 30 metre frontage to Murray St Mall- WALE 6.78 yearsFor further information or to arrange an inspection, please contact the Agent:Brett WilkinsRWC (WA)M: 0478 611 168E: brett.wilkins@raywhite.com

Property History for 223-225 Murray Street Mall, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$18,411,725
23 Feb 2024
Listed for Rent
$27k/w
08 Mar 2018
  • 23 Feb 2024
    Sold for $18,411,725
  • 31 Jan 2023
    Listed for Sale Offers Invited
  • 04 Oct 2017
    Listed for Rent - Price not available
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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 11,664 properties. Over the last 5 years, Houses in Perth have seen a 33.11% increase in median value, while Units have seen a 45.23% increase. As at 31 October 2024:

  • The median value for Houses in Perth is $1,023,675 while the median value for Units is $548,965.
  • Houses have a median rent of $700 while Units have a median rent of $655.
There are currently 164 properties listed for sale, and 80 properties listed for rent in Perth on OnTheHouse. According to CoreLogic's data, 823 properties were sold in the past 12 months in Perth.

Suburb Insights for Perth 6000

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.