2/16 Milligan Street, Perth, WA 6000 | Property Value & History | OnTheHouse
OFF MARKET

2/16 Milligan Street
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 160m2
Land area: 175m2
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Property Details for 2/16 Milligan St, Perth

Building Type
Commercial
Year Built
2004
Floor Size
160m2
Land Size
175m2
Local Government
Perth
Lot/Plan
2/S043607

Last Listing description (March 2021)

This prime CBD office/retail opportunity offers 8 contiguous strata lots available individually or in one line.

Located opposite QV1 and the Melbourne Hotel and only metres from St Georges Terrace, Brookfield Place and King Street, this represents one of the few quality strata title opportunities available in this core CBD precinct.


The Next' building is a high-quality building developed in 2003, which retained the heritage facade to create an modern building with a level of character and charm.
The ground floor retail, consists of a fully fitted tavern and a fully fitted restaurant available with vacant possession or lease back arrangements (subject to negotiation). Levels 1 & 2 consist of fully fitted office space, both partially leased.

Available lots:

Lots 2 & 3
• Ground Floor
320sqm strata area
340sqm GLAR
Tavern licence with 240 capacity
Alfresco License with 20 capacity
2 secure parking bays
High quality fit out with island bar, keg room and large commercial kitchen

Lots 3 & 14
• Ground floor restaurant
157sqm strata area
Fully fitted commercial kitchen and bar
1 secure parking bay

Lots 4 & 5
• First floor office
633sqm strata area (Lot 4 - 312sqm and Lot 5 - 321sqm)
Fully fitted with multiple workstations, offices and meeting rooms
2 secure parking bays

Lots 6 & 7
• Second floor office
614sqm strata area (Lot 5 - 313sqm and Lot 6 - 304sqm)
Fully fitted with multiple workstations, offices and meeting rooms
2 secure parking bays

Price on application. For further information or to arrange an inspection please contact:

Stephen Harrison
M:0421 622 777
E: stephen.harrison@raywhite.com
Ray White Commercial (WA)

Property History for 2/16 Milligan St, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$3,200,000
06 Apr 2021
  • 06 Apr 2021
    Sold for $3,200,000
  • 31 Jul 2020
    Listed for Sale Price on Application
  • 28 Jan 2020
    Listed for Rent $36,000 / year
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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 12,095 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 134 properties listed for sale, and 83 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 872 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.