252 William Street, Perth WA 6000

Fully Leased Multi-Tenanted Asset in the Heart of Northbridge

Sterling Property is pleased to exclusively present 252 William Street, Perth for sale – a fully leased multi-tenanted freehold asset located in Perth's tightly held Northbridge precinct.

Occupying a prominent 836 sqm* corner site on the high foot traffic intersection of William and Francis Streets, the property offers a diversified income stream from four complementary tenancies, underpinned by recent leasing activity across three of the four tenancies.

The property comprises 588 sqm* of NLA across four tenancies (No Mafia, Bobaboba, Cute and Culture and The Olivar’s Co), generating $397,008* p.a. + outgoings + GST.

Approximately 87% of income is secured until 2031, providing a WALE of approx. 4.4 years by income.

The property sits within the P2 Cultural Centre precinct under the City of Perth’s City Planning Scheme No 2 and is listed on the City of Perth’s Local Heritage Survey, as well as the State Heritage Register.

Investment Highlights

- Prominent 836 sqm* corner site with ROW access
- Situated on the high foot traffic intersection of William and Francis Streets
- 588 sqm* of NLA across four tenancies
- Approximately 87% of income is secured until 2031
- Fully leased – $397,008* p.a. + outgoings + GST*
- Within the P2 Cultural Centre precinct under the City of Perth’s City Planning Scheme No 2
- Rare freehold opportunity within tightly held precinct & low historical vacancy
- Surrounded by key amenity including Yagan Square, Perth Cultural Centre, ECU Perth & WA Museum
- Walking distance to additional F&B, retail & entertainment venues within Northbridge and CBD.

Process For Sale by Offers Invited.

Inspections: By Appointment Only

For further information or to arrange an inspection, please contact the Sterling Property exclusive selling agents.

*Approx.