Description

CBD Office Repositioning Opportunity

JLL and Savills as joint exclusive agents are pleased to present 26 St Georges Terrace a prominent CBD office asset offering 10,753 sqm* of quality commercial office and retail accommodation over 19 levels, with uninterrupted views over the Supreme Court Gardens and the Swan River.

Positioned on the corner of St Georges Terrace and Irwin Street, the asset’s location situates it within immediate proximity of Perth’s judicial infrastructure, Elizabeth Quay & retail malls.

The building has undergone over $12 million* in recent upgrades and refurbishment including new lifts, ground floor lobby refurbishment, upgraded on-floor amenities, and comprehensive new office fitouts across Levels 8 to 14.

These attributes coupled with the asset's competitive gross occupancy cost, delivered exceptional leasing momentum over an 18-month active leasing period, which yielded 13 new leases supported by deployment of speculative fit-outs.

With limited new office supply in the Perth CBD until at least 2030, 26 St Georges Terrace is positioned to capitalise on the expected tightening vacancy and provides a compelling value-add opportunity.

- Prominent corner location on St Georges Terrace and Irwin Street.

- Efficient side-core configuration with approx. 570sqm floor plates.

- A total of 69 secure basement car bays (1 bay per 156sqm).

- Refurbished/upgraded on-floor amenities, lifts, building lobby and repositioning of various levels.

- Current successful leasing program provides a platform for continued income growth.

- Passing Net Income $1,039,293 p.a. (as at 1st Oct 2026).

- Estimated fully leased net income potential $5,330,347 p.a. (as at 1st Oct 2026).

- Positioned to benefit from Perth CBD’s tightening vacancy and limited future supply.

*approx

26 St Georges Terrace is for sale via Private Treaty, seeking offers from $30 million.

For further information contact the joint exclusive agents.

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