10/239 Adelaide Terrace, Perth, WA 6000 sold on 28 March 2026 | OnTheHouse
 
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Sold on 28 Mar 2026 for $310,000

10/239 Adelaide Terrace
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 88m2
Land area: 93m2
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This property is currently on the market
High Yield CBD Ground Floor Leased Investment
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Property Details for 10/239 Adelaide Tce, Perth

Building Type
Commercial
Year Built
1960
Floor Size
88m2
Land Size
93m2
Local Government
Perth
Lot/Plan
10/S045261

Last Listing description (April 2026)

NAI Harcourts Metro, as the exclusive selling agents, are proud to present Unit 10 of 239 Adelaide Terrace, Perth for sale - an exceptional opportunity to secure a leased investment conveniently located in Perth's CBD.

Leased to Piper Preston Pty Ltd or better known as So4, a significant global exporter of premium sulphate potash through the development of potassium rich salt lakes in the Goldfields. The tenant has purchased the business from the previous occupant Salt Lake Potash and has invested significantly into their fit-out of the whole ground floor, securing the premises for a long-term tenancy.

The property currently generates a net income of $20,665.86 p.a excl outgoings and GST*. The car bay is leased separately to ENI Australia achieving an additional $4,200 net income p.a. The car bay tenant has leased the bay for over 10 years with no future plans to vacate.

The tenant pays for all operating expenses including management fees. The landlord does not have to pay any rates, taxes or levies for this property.

The market review in January 2027 is expected to be a substantial 15-20% increase given the market rate is approx $250 per sqm and the current rate is $208 per sqm.

Secure your leased investment before the next rent review and achieve a very high return. Currently on offer at 6.26% ROI and expected to increase well over 7.5% in January 2027.

The Opportunity:
- Net Lettable Area - 78 sqm
- Unit Income p.a - $16,465.86 excl GST
- Car Bay Income p.a - $4,200 excl GST
- Total net annual income - $20,665.86 excl GST
- Market Review 1st January 2027 ($240-250 per sqm p.a approx)
- Rent Review Car Bay - 3.25% 1st November 2026
- Lease Term - Lease is due for renewal 1st January 2027 at an increased rent.

For further information or to arrange an inspection, please contact Dylan Croll on 0401 835 454 or Tony Romano on 0407 388 139.

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Property History for 10/239 Adelaide Tce, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$310,000
28 Mar 2026
  • 28 Mar 2026
    Sold for $310,000
  • 23 Oct 2025
    Listed for Sale $330,000
  • 09 Apr 2025
    Listed for Sale Price on Application
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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 12,107 properties. Over the last 5 years, Houses in Perth have seen a 56.10% increase in median value, while Units have seen a 60.01% increase. As at 28 February 2026:

  • The median value for Houses in Perth is $1,375,555 while the median value for Units is $680,291.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 146 properties listed for sale, and 68 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 808 properties were sold in the past 12 months in Perth.

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Tony Romano
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