228 Adelaide Terrace, Perth, WA 6000 | Commercial for sale | OnTheHouse
 
FOR SALE
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228 Adelaide Terrace
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: 50
Floor area: 5687m2
Land area: 3275m2
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Adelaide Terrace development site of 3,275m² with an older 5 level office building

228 Adelaide Terrace, Perth offers a substantial 3,275m²* freehold landholding within Perth's tightly held eastern CBD corridor, presenting an opportunity in a precinct defined by ongoing planning led transformations within a supply constrained growth node.
Positioned along Adelaide Terrace within Perth's established eastern CBD corridor, the site is surrounded by commercial towers, high density residential projects, leading hotels and Swan River amenity. It's close to Optus Stadium, Crown, the WACA, Mercedes and Trinity Colleges and a lot more
This is a scale CBD landholding offering substantial plot ratio and defined planning bonus pathways.
The existing 4 level office structure is secondary to the core investment thesis. Rather than its current built form, the asset is best understood as a development platform, with value firmly anchored in its landholding, its frontage to Adelaide Terrace, and its planning upside.
Development highlights include:
• Significant landholding
• 44 metre frontage to Adelaide Terrace
• Plot Ratio of 5.5:1 with potential of up to 8:1
• 4 level offices with 5687sqm NLA and 50 car bays
0 Star Nabers Energy Rating
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Property Details for 228 Adelaide Tce, Perth

Building Type
Commercial
Floor Size
5687m2
Land Size
3275m2
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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 2016 was 11425 people. By 2021 the population was 13670 showing a population growth of 19.6% 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 2021, 32.50% of the homes in Perth were owner-occupied compared with 35.10% in 2016.

Perth has 12,094 properties. Over the last 5 years, Houses in Perth have seen a 56.10% increase in median value, while Units have seen a 60.01% increase. As at 28 February 2026:

  • The median value for Houses in Perth is $1,375,555 while the median value for Units is $680,291.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 147 properties listed for sale, and 65 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 815 properties were sold in the past 12 months in Perth.

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