This is an opportunity to acquire a prime, high density development site, with holding income, in one of Perth's exclusive, riverside suburbs. The site presents an opportunity to hold and land bank, or develop right away. The property consists of 5 fully leased offices within the one building. This property has the potential for redevelopment of up to 24 levels. Development report available upon request. All offices are refurbished and come with ablutions and kitchenettes. There is ample parking available along with visitor bays. South Perth is a prestigious suburb located approximately three kilometres from and directly opposite the Perth CBD on the south side of the Swan River. Schools, shopping and transport facilities are located within a one kilometre radius of this property. Features of the suburb include the Perth Zoo, Wesley College and Sir James Mitchell Park which provides a panoramic aspect of the Perth City and Swan River. This property is positioned close to well known retailers such as Miss Chows, Coco's, The Good Grocer and many more. The property is complimented by convenient public transport access and is in easy walking distance to great amenities. For further details or to arrange a private inspection, please contact Tini Mincher
The size of South Perth is approximately 5.2 square kilometres. It has 20 parks covering nearly 28.6% of total area. The population of South Perth in 2016 was 12053 people. By 2021 the population was 12596 showing a population growth of 4.5% in the area during that time. The predominant age group in South Perth is 20-29 years. Households in South Perth are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in South Perth work in a professional occupation.In 2021, 54.60% of the homes in South Perth were owner-occupied compared with 54.00% in 2016.
South Perth has 8,793 properties. Over the last 5 years, Houses in South Perth have seen a 82.48% increase in median value, while Units have seen a 86.35% increase. As at 30 November 2025:
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