LANDMARK INVESTMENT OPPORTUNITY
Offers to Purchase Invited close Wednesday 15th April 2026 at 2pm (AWST)
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 existing lease profile generates a strong income from 4 full floor tenancies together with parking income from 55 car bays. 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 6… | michael.milne@raywhite.com
• Brett Wilkins 0478 611 1… | brett.wilkins@raywhite.com
Sterling Property
• Jack Bradshaw 0439 095 3… | jbradshaw@sterlingproperty.au
• Brian Neo 0411 868 4… | bneo@sterlingproperty.au
*approx.
