South Perth’s landmark commercial development, The Richardson Centre at 1 Richardson Street, has surpassed 65% sold, following more than $10 million in sales last financial year and a further $4.5 million exchanged in the opening months of FY25/26.
Developed by DevWest and jointly marketed by Belle Property Commercial Perth and Sterling Property, the project has secured a diverse mix of professional occupiers including Grid Construction, Elevate Accounting, Grey Matter Psychiatry, Resolve IT, Nokturnl and LJR Legal. Buyers span accounting, financial planning, law, medical consulting, mining services, IT, property and construction sectors.
Developed by DevWest and jointly marketed by Sterling Property alongside Belle Property Commercial Perth, the project has secured a diverse mix of professional occupiers including Grid Construction, Elevate Accounting, Grey Matter Psychiatry, Resolve IT, Nokturnl and LJR Legal. Buyers span accounting, financial planning, law, medical consulting, mining services, IT, property and construction sectors.
Suites ranging from 43sqm to 350sqm and above have transacted, demonstrating strong depth of demand from small and mid-sized owner-occupiers transitioning from leasing to ownership.
The ground floor will also include a café and Pilates operator, contributing to on-site amenity and activation.
“We’re seeing a decisive shift from leasing to ownership,” said Brent Griffiths, Principal at Belle Property Commercial Perth.
“Business owners want cost certainty and asset control, particularly in tightly held precincts like South Perth.”
Jack Bradshaw, Senior Partner at Sterling Property, said the pace of sales reflects structural change in the suburban office market.
“Premium suburban office in tightly held lifestyle precincts continues to attract strong owner-occupier demand.
“The Richardson Centre offers a range of suite sizes to suit businesses of all scales. With construction costs remaining elevated, now is the opportunity to secure one of the final remaining brand-new strata office suites.”
“South Perth delivers what businesses value most parking, panoramic views and a central location just five minutes from the CBD”
Positioned moments from the South Perth Foreshore and within a short ferry ride of the Perth CBD, the building offers strong natural light, end-of-trip facilities and panoramic river and city views.
With limited suites remaining, agents anticipate continued momentum as owner-occupiers compete for scarce new-generation strata office stock south of the river.
For enquiries contact:
