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82 Royal St 1,001 SF Office/Medical Condo Unit Offered at $495,020 in EAST PERTH, WA 6004
Investment Highlights
- Prime East Perth address forming part of the Royal Street mixed-use corridor adjacent to Claisebrook Cove and the Swan River waterfront.
- Integrated mixed-use fabric with strata-titled lots providing a combination of commercial and boutique residential components.
- Ground-plane activation supporting diverse uses such as retail, food and beverage, and commercial offices within a high-amenity zone.
Executive Summary
82 Royal Street in East Perth forms part of an established mixed-use precinct within the Claisebrook Cove–Royal Street activation corridor, designed to accommodate a combination of commercial tenancies at ground level with upper-level residential uses. The overall development integrates retail and office strata spaces facing Royal Street, fostering a pedestrian-friendly streetscape that supports hospitality venues, convenience retail, and professional services in a high-amenity inner-city environment.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | S035456 |
| Cap Rate | 5.80% |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| APN/Parcel ID | S035456 |
Description
The commercial premises at 35/82 Royal Street forms part of a mixed-use development within East Perth’s waterfront precinct. Configured as a ground-level retail/office tenancy complemented by a single secure car bay, the unit includes contemporary frontage treatments optimizing visibility to pedestrian and vehicular traffic. Local planning designations allow for a range of permitted commercial activities. Immediate surroundings comprise a blend of hospitality, neighborhood retail, residential apartments, and public open spaces, underpinned by direct connectivity to major transit networks and inner-city arterial roads.
Sale Notes
Positioned in the thriving Royal Street commercial strip, this prime ground-floor property offers an exceptional investment opportunity with secure income and long-term growth potential. Currently leased to an established tenant at $40,000 per annum plus outgoings and GST, the property features a fixed lease term through November 2028 and two additional three-year options, ensuring stability for the investor. The 93 m² tenancy (118 m² total strata) occupies a highly visible position directly opposite a popular IGA supermarket within a vibrant mixed-use precinct, guaranteeing consistent foot traffic and exposure. The internal layout and zoning provide flexibility for office, retail, or professional service occupiers, enhancing future re-leasing prospects. Located just steps from Claisebrook Cove, the CAT bus route, cafés, lifestyle amenities, and scenic parks, this asset combines strong locational credentials with a desirable urban environment for operators and customers alike.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 35 | 1,001 SF | Office/Medical | $495,020 ($494.53/SF) | $28,696.80 |
Unit 35
| Unit Size |
| 1,001 SF |
| Condo Use |
| Office/Medical |
| Price |
| $495,020 ($494.53/SF) |
| NOI |
| $28,696.80 |
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Unit 35
| Unit Size | 1,001 SF |
| Condo Use | Office/Medical |
| Price | $495,020 ($494.53/SF) |
| NOI | $28,696.80 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| APN/Parcel ID | S035456 |
| Description | |
| The commercial premises at 35/82 Royal Street forms part of a mixed-use development within East Perth’s waterfront precinct. Configured as a ground-level retail/office tenancy complemented by a single secure car bay, the unit includes contemporary frontage treatments optimizing visibility to pedestrian and vehicular traffic. Local planning designations allow for a range of permitted commercial activities. Immediate surroundings comprise a blend of hospitality, neighborhood retail, residential apartments, and public open spaces, underpinned by direct connectivity to major transit networks and inner-city arterial roads.</li></ul> | |
| Sale Notes | |
| Positioned in the thriving Royal Street commercial strip, this prime ground-floor property offers an exceptional investment opportunity with secure income and long-term growth potential. Currently leased to an established tenant at $40,000 per annum plus outgoings and GST, the property features a fixed lease term through November 2028 and two additional three-year options, ensuring stability for the investor. The 93 m² tenancy (118 m² total strata) occupies a highly visible position directly opposite a popular IGA supermarket within a vibrant mixed-use precinct, guaranteeing consistent foot traffic and exposure. The internal layout and zoning provide flexibility for office, retail, or professional service occupiers, enhancing future re-leasing prospects. Located just steps from Claisebrook Cove, the CAT bus route, cafés, lifestyle amenities, and scenic parks, this asset combines strong locational credentials with a desirable urban environment for operators and customers alike.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 70,611 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 14,122 SF |
| Property Subtype | Apartment | Lot Size | 0.62 AC |
| Building Class | B |
| Total Building Size | 70,611 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 14,122 SF |
| Lot Size | 0.62 AC |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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82 Royal St
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