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: 75sqm
Car Bays: 2 exclusive bays
Net Passing Income: $38,777.03 pa
Lease Expiry: 30 June 2027
Option: 1 year
Tenant: Dermco
Outgoings: 100% recoverable including management fee
A strong leased investment or future occupation offering secure income, quality fitout in a blue-chip riverside location.

Lot 52 – Vacant Possession Opportunity
Asking Price: $525,000 (Vacant Possession)
Area: 70sqm
Car Bays: 1 exclusive bay
Currently 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 Precinct

Situated 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 Apartments

Statutory 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.