663 Hay Street MallPerth WA 6000
Property Details for 663 Hay Street Mall, Perth
Last Listing description (December 2024)
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
Additional income potential with upper floor occupation and rear of property activation
Significant future expansion/redevelopment capacity
Price refined for prompt sale.
For further details or to arrange an inspection, please contact:
Michael Milne
RWC WA
0403 466 603
michael.milne@raywhite.com
Brett Wilkins
RWC WA
0478 611 168
brett.wilkins@raywhite.com
*Approx
Property History for 663 Hay Street Mall, Perth, WA 6000
- 10 Dec 2024Sold for $4,750,000
- 18 Jul 2024Listed for Sale Price on Application
- 07 Dec 2006Sold for $4,800,000
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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 12,049 properties. Over the last 5 years, Houses in Perth have seen a 38.64% increase in median value, while Units have seen a 45.31% increase. As at 30 November 2024:
- The median value for Houses in Perth is $1,061,061 while the median value for Units is $551,262.
- Houses have a median rent of $690 while Units have a median rent of $670.
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