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1000 Hay St & 2-14 Elder St, Perth 2 Properties Offered at $5,014,800 in Multiple Locations
Investment Highlights
- 2,409 sqm landholding
- Dual Hay and Elder frontage
- City Centre zoning
- Approx. 3,216 sqm improvements
- Existing holding income
- Large-scale development potential
Executive Summary
Positioned within the west end of the Perth CBD, this combined landholding offers a large-scale redevelopment opportunity supported by holding income and flexible future potential.
Comprising 1000 Hay Street and 2–14 Elder Street, the asset delivers a total land area of approximately 2,409 sqm with dual frontage to both Hay Street and Elder Street. The site includes a mix of improvements totalling approximately 3,216 sqm, including a retail showroom building and a warehouse and office facility.
The existing improvements generate holding income, providing interim cash flow while planning for future redevelopment or repositioning. The buildings offer flexibility for continued use, adaptive reuse, or staged redevelopment.
The property is zoned City Centre under the City of Perth Planning Scheme, allowing for a broad range of development outcomes including commercial, residential, hotel or mixed-use projects, subject to approvals. Draft planning provisions indicate significant scale potential, with total developable floor area exceeding 28,000 sqm (STCA).
Located in the CBD’s west end, the property benefits from strong connectivity to key destinations including Elizabeth Quay, Kings Park, RAC Arena and the future ECU City Campus. The dual street exposure and scale of the landholding provide a strategic opportunity within a tightly held inner-city precinct.
Comprising 1000 Hay Street and 2–14 Elder Street, the asset delivers a total land area of approximately 2,409 sqm with dual frontage to both Hay Street and Elder Street. The site includes a mix of improvements totalling approximately 3,216 sqm, including a retail showroom building and a warehouse and office facility.
The existing improvements generate holding income, providing interim cash flow while planning for future redevelopment or repositioning. The buildings offer flexibility for continued use, adaptive reuse, or staged redevelopment.
The property is zoned City Centre under the City of Perth Planning Scheme, allowing for a broad range of development outcomes including commercial, residential, hotel or mixed-use projects, subject to approvals. Draft planning provisions indicate significant scale potential, with total developable floor area exceeding 28,000 sqm (STCA).
Located in the CBD’s west end, the property benefits from strong connectivity to key destinations including Elizabeth Quay, Kings Park, RAC Arena and the future ECU City Campus. The dual street exposure and scale of the landholding provide a strategic opportunity within a tightly held inner-city precinct.
Property Facts
| Price | $5,014,800 | Status | Active |
| Price / SF | $135.44 / SF | Number of Properties | 2 |
| Sale Condition | Redevelopment Project | Individually For Sale | 2 |
| Cap Rate | 6.20% | Total Building Size | 37,027 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.60 AC |
| Price | $5,014,800 |
| Price / SF | $135.44 / SF |
| Sale Condition | Redevelopment Project |
| Cap Rate | 6.20% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 37,027 SF |
| Total Land Area | 0.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2-14 Elder St, Perth WA 6000 | Industrial | 10,882 SF | - | - |
| 1000 Hay St, PERTH WA 6000 | Retail | 26,145 SF | - | - |
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1000 Hay St & 2-14 Elder St, Perth
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