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524 Hay St 5,683 SF Office Condo Unit Offered at $2,163,863 in PERTH, WA 6000
Investment Highlights
- Eight-storey CBD office building totaling approx. 5,360 m²
- Central location benefiting from Perth CBD business and legal ecosystem
- Prominent location within Perth’s primary legal precinct
1 Unit Available
Unit 14 & 15
| Unit Size | 5,683 SF | Sale Type | Investment |
| Price | $2,163,863 | Cap Rate | 8.70% |
| Price Per SF | $380.76 | NOI | $188,256.08 |
| Condo Use | Office | APN/Parcel ID | S002534 |
| Unit Size | 5,683 SF |
| Price | $2,163,863 |
| Price Per SF | $380.76 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| NOI | $188,256.08 |
| APN/Parcel ID | S002534 |
Description
Units 14 and 15 at 524 Hay Street, Perth comprise two adjoining strata office units located on Level 5 of an eight-level office building within the Perth CBD legal precinct. Together, the units provide a combined floor area of approximately 528 m² and are configured for office accommodation
Sale Notes
Positioned in the heart of Perth’s legal and civic quarter, Units 14 and 15 at 524 Hay Street offer a secure and strategically located investment opportunity. Occupying a combined 528 m² across two contiguous strata units on Level 5, this property is situated in a landmark eight-level office building within immediate proximity to the Supreme Court, Federal Court, District Court, and Magistrates Court.
This fully leased asset delivers a strong income profile underpinned by a lease to one of Australia’s largest legal firms. Current net passing income approximates $260,141 per annum, reflecting an attractive net return of around 8.7% based on the asking price of $2,990,000 (GST exempt). The dual strata configuration provides optional future flexibility for split occupation or aggregation, supporting multiple long-term investment strategies.
Located on the northern side of Hay Street, the property benefits from its adjacency to Perth’s most significant legal institutions, as well as the Treasury precinct, central libraries, and major CBD transport connections. With an established tenant covenant, city-core positioning, and prospects for ongoing professional occupancy demand, this investment combines immediate cash flow stability with enduring rental resilience in a premier location.
Reception Area
Conference Room
Workstations
Workstations
Conference Room
Property Facts
| Total Building Size | 57,695 SF | Floors | 7 |
| Property Type | Office (Condo) | Typical Floor Size | 8,181 SF |
| Building Class | C | Lot Size | 0.20 AC |
| Total Building Size | 57,695 SF |
| Property Type | Office (Condo) |
| Building Class | C |
| Floors | 7 |
| Typical Floor Size | 8,181 SF |
| Lot Size | 0.20 AC |
Amenities
- Wi-Fi
- Air Conditioning
Presented by
524 Hay St
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