228 Adelaide Terrace
Perth, WA 6000

Overview

Adelaide Terrace development site of 3,275m² with an older 5 level office building

Located at 228 Adelaide Terrace, Perth, this property presents a significant opportunity for development within the eastern CBD corridor of Perth. The site encompasses a generous 3,275 square meters of freehold land, complemented by an existing five-level office building with a total floor area of 5,687 square meters. This prime location is surrounded by a mix of commercial towers, high-density residential developments, and various amenities, including proximity to the Swan River, Optus Stadium, and major educational institutions.

The property is strategically positioned to benefit from ongoing urban planning initiatives aimed at enhancing the area’s appeal and accessibility. The existing office structure, while functional, is viewed primarily as a redevelopment opportunity, allowing for innovative new projects that can take advantage of the site’s substantial landholding and favorable zoning.

Key development highlights include:

• A significant landholding of 3,275 square meters
• A prominent 44-meter frontage to Adelaide Terrace
• A plot ratio of 5.5:1, with potential for an increase up to 8:1
• Existing office space totaling 5,687 square meters with 50 allocated car bays

This property is currently vacant, providing immediate availability for new tenants or developers looking to capitalize on the growing demand for commercial and residential spaces in this vibrant area. The property is zoned for office and residential use under the Local Planning Scheme 2, making it suitable for a variety of development options.

Expressions of Interest are invited, with submissions closing on Thursday, April 23, 2026, at 4 PM AWST. Interested parties are encouraged to reach out for further details and to discuss potential opportunities.

Location