1251 Hay StreetWest Perth WA 6005
Property Details for 1251 Hay St, West Perth
Last Listing description (February 2026)
Great Opportunity in the main centre of the West Perth commercial precinct.
Located in the City of Perth with the flexible Town Centre zoning under LPS No.2 makes this a very versatile investment opportunity for all astute Buyers.
Surrounded by numerous quality offices, cafes, restaurants, entertainment areas and retail, this property is central to where all of the action is in West Perth.
Boasting 17 on-site under cover car bays the building is ideal for owner occupiers for the following uses:
• Medical or Dental Practices
• Head Office for Mining Companies
• Hospitality Operators
• Professional Consulting Rooms
• Virtual Office Operators
Ideal for Property Developers for:
• Student Accommodation
• Hotel/Motel
• Serviced Apartments
• Residential Apartments
• Office & Mixed Use Retail
• Professional Suites
This property presents the best of all worlds, and:
• Can have its income expanded to being fully leased "as-is"
• Can be refurbished to further enhance the total income yield
• Can be demolished and fully redeveloped to maximise the site
These opportunities do not come along often in this area. Located near the Hancock Mining Group Outram Street site which is approved for the new $270M Commercial Hub development to incorporate their new headquarters, and positioned directly opposite the newly refurbished WestCentre in Hay Street incorporating a variety of offices, retail and food precincts. Also nearby is the newly completed CU29 Restaurant, Cafe and Culinary Training Centre which will be opening soon. These developments are all going to enhance the vibrancy of the West Perth commercial precinct and drive property values upwards.
Current net income (partly leased) of $122,622 p.a., which can dramatically increased by leasing the remaining space. The current forecast net market rental income for the property "as-is" fully leased is $266,641 p.a.
OPTIONS:
1. Occupy for your own business or businesses
2. Lease out the remaining vacant space to increase yield
3. Demolish and rebuild entirely
4. Work on a refurbishment plan or re-design and choose your new target tenant mix
Call now for further information as this opportunity is expected to sell quickly.
Property History for 1251 Hay St, West Perth, WA 6005
- 05 Feb 2026Sold for $3,250,000
- 23 Dec 2025Listed for Sale Offers from $3.5M
- 31 Jul 2025Listed for Sale Offers from $3,500,000
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About West Perth 6005
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 5,855 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:
- The median value for Houses in West Perth is $1,574,487 while the median value for Units is $764,164.
- Houses have a median rent of $875 while Units have a median rent of $750.
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