23 Barrack StreetPerth WA 6000
Property Details for 23 Barrack St, Perth
Last Listing description (November 2023)
Cygnet West and Toro are pleased to present the most affordable freestanding core CBD office building that has been offered to the market for some time.
23 Barrack Street is a five-storey boutique office building located in the heart of the Perth CBD. The building is approximately 80% leased, with only one whole floor vacancy.
Key Property Highlights:
Fully leased net income potential of approximately $421,030 pa;
Diversity of income from four tenants across various industries;
Secure basement parking for 6 vehicles;
Floor plates of circa 250sqm that can be split;
Core location on a bustling pedestrian thoroughfare directly opposite the State Buildings entertainment precinct; and
New end-of-trip facilities and great natural light.
The building underwent a significant capital expenditure program in 2013 to upgrade the roof, facade, lift, foyer, toilets, end-of-trip facility, tenancy electrical boards, ceilings, lighting and carpets.
23 Barrack Street is an outstanding opportunity to acquire a leased boutique office asset in a bustling city locale. The building is well-positioned for investors looking for a secure and diversified income stream, with the potential to add value through owner occupation or leasing up the vacant floor.
The property is offered for sale via Offers Invited.
For further information please contact exclusive agents:
Wayne Lawrence
0434650853
John Symington
0417733806
Property History for 23 Barrack St, Perth, WA 6000
- 02 May 2025Sold for $5,000,000
- 09 Oct 2023Listed for Sale Contact Agent
- 29 Oct 2019Listed for Sale $7,500,000
Recent sales nearby
See more recent sales nearby/assets/perm/innsdcy454i6zdmsdu2elfasdq?signature=a4d8babba5816e3d29b4406a9402d6ce0996c322095bdbfc3988d18137c553e8){kind=logo}
0/assets/perm/5u2y5ap5y4i6te5cppbltxyhgu?signature=b2aaf7e9e30bd311fcd2118e900d285ecf21f4eb052928b0861c7e5b9dc18ad0){kind=logo}
0/assets/perm/2wvrykilmmi6vntgjponctragu?signature=fc0ee68b835e774b31e25f9e79f3c5cefdd9f6dee3931a3c65fe20c6d45e6cdf){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 12,097 properties. Over the last 5 years, Houses in Perth have seen a 58.68% increase in median value, while Units have seen a 53.17% increase. As at 30 November 2025:
- The median value for Houses in Perth is $1,306,398 while the median value for Units is $603,973.
- Houses have a median rent of $850 while Units have a median rent of $725.
Suburb Insights for Perth 6000
Market Insights
Perth Trends for Houses
N/A
N/A
View TrendN/A
N/A
Perth Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
