1050 Hay Street
West Perth, WA 6005

Overview

LANDMARK INVESTMENT

This property presents a landmark investment opportunity located at 1050 Hay Street, West Perth. It is offered for sale as a leased commercial property investment generating a strong income stream, situated in a prime location opposite Parliament House and on the edge of the Perth CBD.

The building features a total net lettable area of 2,192 square meters, comprising four split-level floor plates with wrap-around reflective glazing, providing desirable views and excellent natural light. The asset has been meticulously maintained, having undergone significant capital upgrades and refurbishments, and includes ample undercroft parking.

The long-term value of this property is supported by its strategic corner land footprint of 1,696 square meters, which has future high-density redevelopment capacity with panoramic views across the city skyline and the Swan River.

The existing lease profile generates a robust income from four full-floor tenancies, along with parking income from 55 car bays. There is a flexible pathway for partial owner-occupation, allowing the owner to occupy 507 square meters and expand occupation up to approximately 1,052 square meters.

Summary of Features:

• Landmark corner location with strong corporate branding.
• Positioned opposite Parliament House and overlooking the Perth CBD.
• 1,696 square meters corner site area with front and rear access.
• 2,192 square meters building area with efficient floor plates of 525 to 535 square meters.
• 55 spacious car parking bays (ratio 1:40 square meters).
• Net income of $1,109,989 per annum as of March 1, 2026.
• New HVAC system, roof-mounted solar panels, high-grade finishes, and substantially landlord-owned fit-outs.
• Direct access to freeway network, major arterial routes, and public transport.
• Convenient access to nearby cafés, hospitality, and retail amenities.
• New city planning framework allows for high-density mixed-use outcomes.

This opportunity is ideal for investors seeking proven income resilience, owner-occupiers looking to establish or expand a centrally located headquarters, and developers targeting a highly strategic site with impressive panoramic views.

Location