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Investment Highlights

  • Ground floor retail/restaurant spaces totaling approximately 168 sqm across multiple strata lots.
  • Mixed-use composition with commercial opportunities in a premium residential setting.
  • Prominent location on Hay Street with strong daily foot traffic and high street exposure.

Executive Summary

251 Hay Street, East Perth is an 11-story strata-titled building featuring a ground floor retail component of approximately 168 sqm. Situated in a prominent inner-city location, the property offers strong street exposure and convenient access to public transport, major arterial roads, and nearby amenities. Its mixed-use profile accommodates retail activity at street level, complemented by upper-level strata units, making it suitable for businesses seeking visibility and connectivity within East Perth’s established commercial precinct.

1 Unit Available

Unit 3-5

Unit Size 1,808 SF
Price $1,085,550
Price Per SF $600.41
Condo Use Retail
Sale Type Investment
Description

Suites 3–5 at 251 Hay Street occupy the ground floor of an exclusive residential complex in East Perth and span three strata lots totaling approximately 168 sqm (Lot 90: 71 sqm, Lot 94: 59 sqm, Lot 98: 38 sqm). A successful Italian restaurant, the space is fully fitted with a commercial kitchen, cool room, gas-fired pizza oven, licensed bar, and wine storage, plus access to male and female toilets in the foyer. The venue accommodates up to 110 diners with a private dining area for 50.

Sale Notes

Suites 3–5, 251 Hay Street present a rare chance to secure a fully fitted restaurant in one of East Perth’s busiest precincts. Spanning three strata lots with a combined area of approximately 168 sqm, this turnkey venue includes a commercial kitchen, cool room, gas-fired pizza oven, licensed bar, wine display, and seating capacity for up to 110 patrons, including a private dining area. Located on the ground floor of a premium residential complex, the property enjoys high street exposure, steady foot traffic, and excellent public transport access, including free CAT bus services. Walking distance to the CBD, this opportunity is perfect for an owner-operator or investor seeking a prime hospitality asset in a vibrant city location.

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Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 123,118 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 11
Typical Floor Size 11,194 SF
Lot Size 0.35 AC

Amenities

Site Amenities

  • On-Site Retail
  • Listing ID: 40151097

  • Date on Market: 4/14/2026

  • Last Updated:

  • Address: 251 Hay St, East Perth, WA 6004

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