SOLD - Pending Settlement!
LANDMARK INVESTMENT
Whole building opportunity - first time offered in 33 years!
1050 Hay Street, West Perth is offered for sale as a leased commercial property investment generating a strong income stream, in a focal landmark location opposite Parliament House on the edge of the Perth CBD.
This striking building has a total area of 2,192sqm comprising 4 split-level floorplates with wrap around reflective glazing, providing desirable views and excellent natural light. The asset has been meticulously maintained, having undergone significant capital upgrades and refurbishments, and comes with abundant undercroft parking.
Long term value is underpinned by its strategic corner 1,696sqm land footprint with future high density redevelopment capacity with panoramic views across the city skyline and Swan River.
The lease profile comprises 4 full floor tenancies with modern high grade fit outs that are predominantly landlord owned. This highly desirable office space benefits from prominent signage, 55 car parking pays, direct freeway access and connectivity across he city. The result is a strong income stream generated by rent, signage and parking bays, together with proven lease resilience.
A flexible pathway exists for partial owner-occupation, allowing the owner to occupy 507sqm* and expand occupation up to approximately 1,052sqm*.
SUMMARY FEATURES
• Landmark corner location with strong corporate branding
• Positioned opposite Parliament House and overlooking the Perth CBD
• 1,696sqm* corner site area has front and rear access
• 2,192sqm* building area with desirable efficient floor plates of 525 - 535sqm*
• 55* spacious car parking bays (ratio 1:40sqm*)
• $1,109,989pa* net income (as at 1 March 2026)
• New HVAC, roof-mounted solar, high grade finishes, substantially landlord owned fit outs
• Direct access to freeway network, major arterial routes and public transport
• Convenient access to nearby cafés, hospitality and retail amenities
• New city planning framework provides for high density mixed use outcomes
This opportunity is ideal for investors seeking proven income resilience, owner-occupiers looking to establish or expand a centrally located headquarters, and developers targeting a highly strategic site with impressive panoramic views.
Contact RWC and Sterling Property as joint exclusive selling agents for details and inspection,
RWC
• Michael Milne 0403 466 603 | michael.milne@raywhite.com
• Brett Wilkins 0478 611 168 | brett.wilkins@raywhite.com
Sterling Property
• Jack Bradshaw 0439 095 336 | jbradshaw@sterlingproperty.au
• Brian Neo 0411 868 486 | bneo@sterlingproperty.au
*approx.
The size of West Perth is approximately 2.3 square kilometres. There are 11 parks, covering nearly 10.3% of the total area. The population of West Perth in 2016 was 5608 people. By 2021 the population was 6102 showing a population growth of 8.8% in the area during that time. The predominant age group in West Perth is 30-39 years. Households in West Perth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in West Perth work in a professional occupation.In 2021, 33.70% of the homes in West Perth were owner-occupied compared with 33.00% in 2016.
West Perth has 5,858 properties. Over the last 5 years, Houses in West Perth have seen a 70.46% increase in median value, while Units have seen a 61.61% increase. As at 31 May 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. 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.