256 St Georges TerracePerth WA 6000
Property Details for 256 St Georges Tce, Perth
Last Listing description (March 2026)
RWC WA are delighted to offer to the market, 256 St Georges Terrace Perth, for sale via International Expressions of Interest Invited closing Wednesday 29th of April 2026.
Against the backdrop of current global uncertainty, 256 St Georges Terrace represents a safe, long term investment in this resource-rich region.
Located at the Western gateway to 'the Terrace' 256 St Georges Terrace represents a compelling opportunity to acquire on of Perth's best located office towers in the heart of the mining and resource industry precinct.
Standing on a commanding 5,480sqm site at the 'top of the Terrace' with dual street frontages, the 23,050sqm property comprises 2 integrated towers around a central core plus basement parking under both. To Hay Street, a 3-level parking station, with two street front shops.
The entire office accommodation is leased to an Australian top 10 ASX listed company (by market cap) global metals mining group Fortescue (FMG). As part of FMG's occupation, key building plant, and equipment was replaced and/or upgraded to exceptional standard in addition to a very high fitout specification. The property has had in the order of $80 million of core expenditure works performed since 2024. As such '256' represents one of Perth's most 'state of the art', high specification office towers boasting outstanding tenant amenities.
Exceptional Tenant Covenant
Office accommodation is fully leased with an attractive WALE by income of 5.5 years (approx.).
Located in the prime western precinct of Perth CBD, includes Woodside, Worley, Clayton Utz, BDO, and KPMG.
Expansive circa 3,000 sqm floorplates for levels 1-6 with a central core configuration offering tremendous flexibility, natural light, and panoramic views.
Lessor and tenant have invested heavily in the building to the tune of around $80 million.
Coveted Location
Convenient to Perth's distributor freeway network, CBD fringe, and rail transport infrastructure.
The location is well serviced by premium offices, tower amenities including exemplary food and beverage options.
Future Proofed Asset
Circa $80 million of capital investment in the asset prior to Fortescue's lease commencement including new EOT facilities and tenant amenities have added to the asset's ESG credentials and ensure the ongoing appeal to current and future tenants.
Embedded best practice for sustainability has resulted in a plethora of market- leading credentials including 5.0 star NABERS and 4.5 star water.
Current net face office rent at $570/sqm and outgoings of $148/sqm considered at sustainable levels for an A+ Grade St Georges Terrace office building. Fixed 3.5% rental increases underpin cash flow integrity.
For more information or to arrange an inspection please contact:
Andrew Woodley-Page
0438 939 869
RWC WA
andrew.woodley-page@raywhite.com
Brett Wilkins
0478 611 168
RWC WA
brett.wilkins@raywhite.com
Property History for 256 St Georges Tce, Perth, WA 6000
- 17 Mar 2026Listed for Sale EOI closing Wed 29th of April 2026 at 2pm AWST
- 08 Jul 2019Listed for Rent $575 / year
- 01 Mar 2019Listed for Rent $550 / 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 12,104 properties. Over the last 5 years, Houses in Perth have seen a 55.65% increase in median value, while Units have seen a 60.09% increase. As at 31 March 2026:
- The median value for Houses in Perth is $1,386,298 while the median value for Units is $697,298.
- Houses have a median rent of $855 while Units have a median rent of $750.
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