577 Wellington Street, Perth, WA 6000 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers from $15,000,000

577 Wellington Street
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1630m2
Land area: 916m2
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Perth CBD - Development Site for Hotel, Accommodation or Offices

ATTENTION ALL DEVELOPERS
Amazing opportunity to acquire this brilliantly located development site, right in the heart of the Perth CBD.
Take advantage of the other billions of dollars that have recently been invested in the precinct, with the construction of the new University, Offices, Entertainment Precincts, Hotels, Bus and Rail Terminals, Residential and multiple Student Accommodation buildings.
Ideally located right on the corner of historic King Street and Wellington Street, opposite the newly completed ECU Perth City Campus accommodating over 10,000 students and staff, this site opportunity has enormous potential for multiple uses.
The property is currently vacant, and could be leased to your selection of tenant mix to produce holding income whilst you plan your future development.
The existing building is currently suited for use by multiple tenants for hospitality, retail and offices, without any refurbishment being required. Alternatively, a refurbishment could be undertaken to repurpose the property for a specialist tenant for any specific use allowable in the flexible City Centre, Precinct 5 City Place zoning , under City of Perth LPS No. 2, until you choose to redevelop your longer term vision for the site.
MINOR OPPORTUNITIES
• Produce Income by Leasing property "as-is"
• Refurbish for custom tenancies to increase income
• Hospitality or F&B Outlets
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Property Details for 577 Wellington St, Perth

Building Type
Commercial
Floor Size
1630m2
Land Size
916m2
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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 12,092 properties. Over the last 5 years, Houses in Perth have seen a 58.72% increase in median value, while Units have seen a 56.21% increase. As at 31 December 2025:

  • The median value for Houses in Perth is $1,333,731 while the median value for Units is $630,704.
  • Houses have a median rent of $850 while Units have a median rent of $730.
There are currently 138 properties listed for sale, and 79 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 859 properties were sold in the past 12 months in Perth.

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