1050 Hay Street, West Perth, WA 6005 | Commercial for sale | OnTheHouse
 
FOR SALE
UNDER CONTRACT

1050 Hay Street
West Perth WA 6005

Bedrooms: -
Bathrooms: -
Car spaces: 55
Floor area: 2192m2
Land area: 1696m2
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Landmark Investment now UNDER CONTRACT

UNDER CONTRACT
LANDMARK INVESTMENT
Whole building opportunity - first time offered in 33 years!
1050 Hay Street, West Perth is offered for sale as a leased commercial property investment generating a strong income stream, in a focal landmark location opposite Parliament House on the edge of the Perth CBD.
This striking building has a total area of 2,192sqm comprising 4 split-level floorplates with wrap around reflective glazing, providing desirable views and excellent natural light. The asset has been meticulously maintained, having undergone significant capital upgrades and refurbishments, and comes with abundant undercroft parking.
Long term value is underpinned by its strategic corner 1,696sqm land footprint with future high density redevelopment capacity with panoramic views across the city skyline and Swan River.
The lease profile comprises 4 full floor tenancies with modern high grade fit outs that are predominantly landlord owned. This highly desirable office space benefits from prominent signage, 55 car parking pays, direct freeway access and connectivity across he city. The result is a strong income stream generated by rent, signage and parking bays, together with proven lease resilience.
A flexible pathway exists for partial owner-occupation, allowing the owner to occupy 507sqm* and expand occupation up to approximately 1,052sqm*.
SUMMARY FEATURES
• Landmark corner location with strong corporate branding
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Property Details for 1050 Hay St, West Perth

Building Type
Commercial
Floor Size
2192m2
Land Size
1696m2
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About West Perth 6005

The size of West Perth is approximately 2.3 square kilometres. There are 11 parks, covering nearly 10.3% of the total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.

West Perth has 5,855 properties. Over the last 5 years, Houses in West Perth have seen a 62.17% increase in median value, while Units have seen a 60.91% increase. As at 30 April 2026:

  • The median value for Houses in West Perth is $1,502,415 while the median value for Units is $744,034.
  • Houses have a median rent of $838 while Units have a median rent of $725.
There are currently 55 properties listed for sale, and 33 properties listed for rent in West perth on OnTheHouse. According to Cotality's data, 341 properties were sold in the past 12 months in West perth.

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