2/251-253 Adelaide TerracePerth WA 6000
Property Details for 2/251-253 Adelaide Tce, Perth
Last Listing description (August 2024)
SUMMARY:
Location made up of two separate commercial Strata Lots, (Lots 1 and 2).
The two Lots encompass; Bar/Restaurant area of 292 sqm, plus Alfresco area of 100 sqm facing Adelaide Terrace.
(Total NLA 429 sqm).
Currently leased to the Glassy Junction Bar & Restaurant.
Current outgoings estimated at $140 sqm per annum + GST (paid by tenant).
The location of the property on the river side of the Terrace with its unique current zoning of Bar/Restaurant, Retail and Commercial office use, optimises future leasing opportunities if required.
A property on the ground Level of this high rise building with direct street frontage along one of the main streets of Perth, Western Australia has to be a premium 5-star investment opportunity for any astute investor.
The Perth City Council has actively encouraged the expansion and development of multi-level residential living as well as commercial and retail growth. The overall office building currently enjoys 10,020 sqm of net lettable area for Owner Occupiers and commercial tenants.
As Perth, Western Australia continues to grow and develop, the multiple tenancies and the blue-chip tenants within 251 Adelaide Terrace, Perth are indicative of the popularity of the site's location.
With the iconic Swan River, and over 6,000 homes within high-rise residential towers, (within 500 metres) all major law courts, including Family, Criminal, District and Supreme Courts and also the tourist trade with visitor numbers increasing will enhance the lands capital growth in the future..
For the Information Brief or to view this excellent investment property, please contact:
Darrell Crouch at the office or mobile 0412 343 000 or email darrell@crouchgroup.com.au
Property History for 2/251-253 Adelaide Tce, Perth, WA 6000
- 13 Jul 2023Listed for Sale Price on Application
- 31 Jan 2018Listed for Sale $2,300,000
- 22 Apr 2015Listed for Sale $2,189,000
Recent sales nearby
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0About 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.
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