1/45 Murray Street

Perth WA 6000

Positioned beneath one of Perth's most iconic heritage buildings, this is a rare opportunity to secure a truly unique commercial holding in the heart of the Perth CBD.Located within the historic Young Australia League Building, this remarkable 657sqm strata property is home to the renowned Gilkison Dance Studio, a long-standing Perth institution that has formed part of the city's social and cultural fabric since 1931.Rich in character and history, the property combines timeless heritage charm with exceptional commercial flexibility, making it ideal for investors, owner-occupiers, hospitality operators, wellness businesses, entertainment groups, and creative enterprises alike.A Truly Unique VenueSet on the basement level, the property features one of the largest hardwood sprung dance floors in the Perth CBD, purpose-built for performance, movement, events, and large-scale gatherings.Currently operating as a fully licensed dance and social venue, the premises host regular evening events, dance classes, functions, and entertainment experiences. However, the versatility of the layout opens the door to countless future business opportunities and multiple income streams.During the daytime, the space could seamlessly accommodate [STCA] :- Yoga and wellness classes- Dance and performance studios- Fitness and sporting activities- Corporate events and workshops- Creative studio space- Live music and entertainment- Private functions and hospitality conceptsThe ability to operate complementary daytime and nighttime businesses from the one venue creates enormous commercial potential.Property Highlights- Strata Area: 657sqm*- Prime Perth CBD location just off Murray Street Mall- Positioned within the landmark 1924 Young Australia League heritage building- Home to the iconic Gilkison Dance Studio- Valuable liquor licence attached to the property- Multiple bar and entertaining areas- One of Perth CBD's largest sprung hardwood dance floors- Original timber floorboards and soaring high ceilings- Fully air-conditioned throughout- Extensive amenities and toilet facilities- Character-filled interiors with strong historical identity- Flexible floorplan adaptable to numerous business models (STCA)- Mezzanine Level - Significant Value-Add PotentialA standout feature of the property is the existing mezzanine level, which presents an exceptional value-add opportunity.Subject to approvals, the mezzanine may potentially be separated from the main venue with its own independent access via Irwin Street, creating possibilities for:- Dual tenancies- Additional rental income- Private studio or office space- VIP/function area- Reconfigured commercial layoutsThis flexibility further enhances the long-term investment appeal of the asset.A Rare Perth CBD OpportunitySteeped in history and culture, yet offering clear pathways for repositioning, redevelopment, or income diversification, this is a truly one-of-a-kind CBD asset.Properties of this calibre - blending heritage significance, proven commercial use, liquor licensing, scale, and future upside - are rarely offered to market.Whether you are seeking a flagship entertainment venue, creative commercial space, investment opportunity, or multi-purpose business premises, 1/45 Murray Street represents exceptional potential in one of Perth's most tightly held locations.Enquire today to arrange a private inspection or request further information.