5 Harper TerraceSouth Perth WA 6151
Property Details for 5 Harper Tce, South Perth
Last Listing description (March 2026)
Sterling Property, as Exclusive Agents, are pleased to present Lots 51 & 52, 5-7 Harper Terrace, South Perth - two high-quality strata office / medical consulting suites within Reva Commercial, developed by Finbar Group. Positioned just footsteps from Mends Street in one of South Perth's most sought-after commercial pockets, this is a rare opportunity to secure a leased investment and/or vacant possession office in a tightly held precinct.Whether you are seeking secure income, a high-quality office / consulting suite to occupy or a strategic combination of both, Lots 51 & 52 present a compelling opportunity in one of Perth's most desirable riverside commercial precincts. Buy one or secure both - this opportunity won't last long.The Offerings: Lot 51 - Leased Investment Asking Price: $525,000 (Going Concern)Area: 75sqmCar Bays: 2 exclusive baysNet Passing Income: $38,777.03 paLease Expiry: 30 June 2027Option: 1 year Tenant: DermcoOutgoings: 100% recoverable including management feeA strong leased investment or future occupation offering secure income, quality fitout in a blue-chip riverside location. Lot 52 - Vacant Possession OpportunityAsking Price: $525,000 (Vacant Possession)Area: 70sqmCar Bays: 1 exclusive bayCurrently periodic lease (ability to occupy)Ideal for owner-occupiers seeking a premium South Perth base, or investors looking to secure a vacant suite and lease at current market rates.Building & Amenity Highlights: - Developed by Finbar - Excellent natural light- End-of-trip facilities (showers & bike storage)- Depreciation benefits- Abundant surrounding public parking- Modern, well-presented common areas- Premier South Perth PrecinctSituated on Harper Terrace between Mill Point Road and South Perth Esplanade, the property benefits from:- 300m to Mends Street Jetty ferry service to Elizabeth Quay- Direct freeway access north and south- Less than 5 minutes to the Perth CBD- Walking distance to Mends Street retail & hospitality strip- Proximity to The Good Grocer IGA, Atomic Coffee, and Quest ApartmentsStatutory Outgoings (FY25/26): Lot 51 Council Rates - $3,060* pa Water Rates - $1,510* pa Strata Levies - $4,235.96* pa Lot 52 Council Rates - $2,860* pa Water Rates - $1,510* pa Strata Levies - $3,810* pa For further information or to arrange an inspection, please contact the Exclusive Selling Agents Jack Bradshaw or Jake Wallman from Sterling Property.
Property History for 5 Harper Tce, South Perth, WA 6151
- 11 Mar 2026Listed for Sale For Sale | $525,000 excl. GST (each)
- 14 Dec 2023Listed for Sale Only One 93sqm* Suite Remaining - Sale or Lease
- 14 Dec 2023Listed for Rent - Price not available
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0About South Perth 6151
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 8,799 properties. Over the last 5 years, Houses in South Perth have seen a 89.43% increase in median value, while Units have seen a 97.88% increase. As at 31 March 2026:
- The median value for Houses in South Perth is $2,296,866 while the median value for Units is $979,393.
- Houses have a median rent of $850 while Units have a median rent of $730.
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