Sterling Property is pleased to exclusively offer 176 Wellington Street, East Perth - a rare whole-of-building 9B approved education facility on the CBD fringe.Purpose-configured for education and vocational training, the property provides immediate operational capability with City of Perth approval for up to 195 persons at any one time.The building is offered vacant excluding the short-term leased small cafe tenancy and offers flexibility for owner-occupiers, RTOs, CRICOS operators, hospitality training groups or investors seeking a value-add or alternate-use opportunity.Positioned on the CBD fringe, the property benefits from strong connectivity to Perth CBD, public transport and surrounding education and hospitality infrastructure.Key Benefits - Land Area: 697 sqm- Building Area: Approx. 925 sqm- 9 classrooms of varying sizes- 3 commercial-grade kitchens (including large training kitchen)- Approx. 6 on-site car bays (side laneway access)- Approx. 80kW rooftop solar system- Split-system & ducted air-conditioning throughout- CCTV and security system- Small cafe tenancy (approx. 40 sqm) is leased until September 2026. - Balance of the building is offered with vacant possessionAsking Price: $4,550,000 (Going Concern)Statutory Outgoings Council Rates - $13,928.40 pa (FY24/25) Land Tax - $43,273.60 pa (FY24/25) Water Rates - $8,177.68 pa (FY24/25)For further information or to arrange an inspection, please contact the exclusive selling agents.
The size of East Perth is approximately 3.2 square kilometres. There are 21 parks, covering nearly 33.5% of the total area. The population of East Perth in 2016 was 10596 people. By 2021 the population was 11681 showing a population growth of 10.2% in the area during that time. The predominant age group in East Perth is 30-39 years. Households in East Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in East Perth work in a professional occupation.In 2021, 36.40% of the homes in East Perth were owner-occupied compared with 37.60% in 2016.
East Perth has 8,419 properties. Over the last 5 years, Houses in East Perth have seen a 46.32% increase in median value, while Units have seen a 58.06% increase. As at 30 June 2026:
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