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Investment Highlights

  • Prominent three-story commercial building with a total floor area of approximately 2,364 sqm.
  • Located 1.25 km east of Perth GPO on a high-exposure section of Adelaide Terrace.
  • Comprises three strata lots offered with vacant possession for immediate use or redevelopment.

Executive Summary

246 Adelaide Terrace offers an exceptional chance to acquire a prominent site on the fringe of Perth’s CBD. Set on a 1,808 sqm lot, this property comprises a three-story building with a combined floor area of approximately 2,364 sqm and rear access to 29 secure car bays. Currently vacant, the property is subject to a Change of Use application allowing for office, retail, and educational uses with associated alterations.
Located just 1.25 km east of the Perth GPO and 150 meters from Victoria Avenue, this site enjoys outstanding visibility, strong connectivity, and multiple access options for vehicles and public transport. Featuring three strata lots and flexible development potential, it presents a compelling opportunity for investors, owner-occupiers, or developers seeking a prime position along this key inner-city corridor.

Property Facts

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
23,896 SF
Building Class
C
Price
$7,217,000
Price Per SF
$302.02
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
7,965 SF
Building FAR
1.17
Lot Size
0.47 AC
Parking
19 Spaces (0.8 Spaces per 1,000 SF Leased)

Amenities

  • Natural Light
  • Air Conditioning
  • Listing ID: 40152949

  • Date on Market: 4/15/2026

  • Last Updated:

  • Address: 246 Adelaide Tce, Perth, WA 6000

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