1000 Hay Street & 2-14 Elder Street, Perth WA 6000

Prime Perth CBD development opportunity with income

RWC WA and JLL are proud to present 1000 Hay Street & 2-14 Elder Street, a rare large-scale west-end CBD landholding offering significant redevelopment and value-add potential.

Overview:
• Prime west-end CBD location with outstanding connectivity
• Dual Hay and Elder Street frontages across 2,409m² of land
• Flexible 'City Centre' zoning supporting mixed-use outcomes
• Draft planning scheme indicating >28,000m² GFA potential (STCA)
• Current holding income of approx. $436,000 p.a.

Description:
Positioned prominently on the corner of Hay and Elder Streets, the site delivers dual street frontage and seamless connectivity to Perth's CBD core, Elizabeth Quay, Kings Park, RAC Arena, and the forthcoming ECU City Campus.

The combined 2,409m²* freehold landholding is zoned 'City Centre' under the City of Perth Planning Scheme No.2, supporting a wide range of future uses including office, residential, hotel, or mixed-use development (STCA). The draft Local Planning Scheme No.3 offers additional upside, with total potential GFA exceeding 28,000m² (STCA).

The existing improvements generate an estimated gross holding income of $436,000 per annum, providing immediate returns while enabling flexibility for adaptive re-use or full redevelopment.

The existing improvements and uses are:

• 1000 Hay Street - a 2 storey retail showroom with integrated design studio, amenities, warehousing and parking.
• 2-14 Elder Street - a high-bay warehouse with a three-storey brick structure incorporating office/storage space, warehouse, and undercover/open parking.

Contact the exclusive selling agents for further information or to arrange an inspection.