139 Stirling St 7,965 SF Industrial Building Perth, WA 6000 $1,961,736 ($246.29/SF)

This offering represents a rare opportunity to secure a prime fringe CBD development site in the heart of Perth, with built-in holding income. Located only 900 metres north of the Perth GPO and steps from the Northbridge entertainment precinct, the property enjoys proximity to outstanding amenities, public transport, and major road connections including Graham Farmer Freeway.
The asset consists of a 769 m² rectangular lot with a substantial brick and iron workshop and a two-level office at the frontage, providing an approximate total lettable area of 740 m². The property will be sold as a going concern with a leaseback to the existing tenant, delivering secure short-to-medium term income while development approvals are pursued.
Zoned City Centre under the City of Perth Planning Scheme No. 2, within Precinct 3, the site benefits from a base plot ratio of 4.0:1 with potential bonus ratio up to 6.0:1 and no prescribed height limit. This zoning flexibility supports a broad scope of redevelopment opportunities, including office, retail, student accommodation, or mixed-use concepts.
Its prime location offers excellent connectivity, with key landmarks nearby such as ECU City (1 km), Perth Train Station (950 m), and HBF Park (650 m). Vibrant surroundings include cultural venues, dining options, and educational institutions, ensuring strong lifestyle appeal for future development.