729 Hay Street Mall, Perth, WA 6000 sold on 08 May 2026 | OnTheHouse
SOLD
Sold on 08 May 2026 for $4,000,000

729 Hay Street Mall
Perth WA 6000

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 394m2
Land area: 111m2
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Property Details for 729 Hay Street Mall, Perth

Building Type
Commercial
Floor Size
394m2
Land Size
111m2
Local Government
Perth
Lot/Plan
3/D006874

Last Listing description (October 2023)

Cygnet West are pleased to offer Devon House, a heritage listed building with flexible land uses in one of Perth's busiest malls in the heart of the CBD. The property is situated close to the corner of Hay Street Mall and William Street, one of the City's most high-profile and tightly held locations. Built in 1937, the four storey art deco building enjoys over six meters of frontage onto Hay St Mall and is amongst a variety of national and global brands.

At ground level is prime retail space featuring full height glazed aluminium framed shopfronts and overhead attached awning. The clear span shop is internally fitted with fixed plasterboard ceilings, recessed downlights and commercial grade carpet floor coverings and ceiling mounted cassette air conditioning. A basement retail area is accessible from the rear of the shop via wide stairs and is similarly fitted to the ground floor. Located off the retail space is a lift and stairwell that provides access to the three levels of upper floor offices. Each of the office levels are fitted with commercial grade carpet tiles, fixed plasterboard ceilings, fluorescent lighting and exposed duct air conditioning.


The property is also within a short walk of Perth City Link, Elizabeth Quay, Yagan Square and the Northbridge entertainment precinct. It is also afforded a large volume of foot traffic given its proximity to Perth Train Station and the Red Cat bus stop, boosting early morning and late afternoon trade potential.
Hay Street Mall is one Perth's two main pedestrian thoroughfares, with many national and international brands such as Nike, Kathmandu, Swarovski, Skechers, Culture Kings, Superdry and Mecca Cosmetics. The open air strip runs through the heart of the vibrant CBD and nestled between high rise office towers.

Contact our exclusive sales agents to get a copy of the IM or arrange an inspection.

*approx

Property History for 729 Hay Street Mall, Perth, WA 6000

A timeline of how this property has performed in the market
Last Sold
$4,000,000
08 May 2026
Listed for Rent
01 Nov 2021
  • 08 May 2026
    Sold for $4,000,000
  • 27 Oct 2023
    Listed for Sale Contact Agent
  • 05 Oct 2021
    Listed for Rent - Price not available
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About Perth 6000

The size of Perth is approximately 4.6 square kilometres. There are 21 parks, covering nearly 18.1% of the 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 12,111 properties. Over the last 5 years, Houses in Perth have seen a 61.93% increase in median value, while Units have seen a 61.96% increase. As at 30 June 2026:

  • The median value for Houses in Perth is $1,528,669 while the median value for Units is $720,774.
  • Houses have a median rent of $870 while Units have a median rent of $750.
There are currently 154 properties listed for sale, and 78 properties listed for rent in Perth on OnTheHouse. According to Cotality's data, 819 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.