1/2 St Georges Terrace, Perth, WA 6000 | Property Value & History | OnTheHouse
OFF MARKET

1/2 St Georges Terrace
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 130m2
Land area: 134m2
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Property Details for 1/2 St Georges Tce, Perth

Building Type
Commercial
Year Built
2002
Floor Size
130m2
Land Size
134m2
Local Government
Perth
Lot/Plan
1/S041726

Last Listing description (October 2016)

Business For Sale
Where it sits in Perth CBD with unobstructed presence along St Georges Terrace, this massage and health services centre has the potential to capture the market of office employees, hotel guests and city folks living in the city.
Prana Massage is on the panel of more than 25 remedial massage private health funds including Bupa and NIB for rebates. It is tastefully decorated to provide a comfortable and relaxed environment. The centre opens 7 days a week, fully air-conditioned with audio systems. The reception area at the entrance has good space and could attend to multiple customers at the same time.

Total area is approximately 130 sqm. It is partitioned into 4 treatment rooms and a foot massage treatment area. The 4 rooms are separated from other areas with a door for privacy. All rooms are of good size with bed, seats and equipped with dual control lightings. Uniquely one of rooms has twin single beds to cater for family or friends.
The foot massage treatment area is a separate section by itself and with group seating. It is spacious and could accommodate a few individuals at any one time.
At rear, there is an employee recess room and a kitchen.
Whether it is for the customers or the employees, there is always the space and privacy, very much different from most other massage centres.
Because of its strategic location, it can tap into a readily available market of those who work in the city for an after work massage treatment. The opportunity is great! In addition, being right across the road of the luxurious Duxton Hotel provides the easy access advantage to the hotel guests. Certainly the city folks who live in CBD would find this centre very convenient within walking distance.
At present, the centre offers following therapies:
- Deep tissue massage
- Hot stone therapy
- Reflexology (foot massage)
- Ion detoxification foot bath
- Ear candling
Existing lease ends in September 2019 with option to extend 5 years up to 2024. Monthly rental is $7,xxx inclusive GST and outgoings.
Please call John at 0425 60 18 81 for a private viewing.

Property History for 1/2 St Georges Tce, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$1,340,000
08 Jan 2014
Listed for Rent
$1.28k/w
10 Sep 2014
  • 27 Nov 2015
    Listed for Sale Not Disclosed
  • 08 Jan 2014
    Sold for $1,340,000
  • 25 Nov 2013
    Listed for Rent - Price not available
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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 12,089 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 132 properties listed for sale, and 77 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 867 properties were sold in the past 12 months in Perth.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.