573 Canning Highway, Alfred Cove WA 6154
Price on Application
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RARE SUBURBAN COMMERCIAL INVESTMENT | STRONG VALUE-ADD POTENTIAL
A rare and unique opportunity exist to acquire this modern professional centre with significant value-add capacity!
Positioned within an affluent riverside suburb and prominently fronting Canning Highway, the property comprises a substantial three-storey professional centre with strong existing income, immediate lease-up potential and longer-term repurposing, expansion or higher redevelopment upside.
Set on a 1,428m²* freehold landholding, the modern building provides 967m²* of net lettable area plus common building core amenities, lift access, a generous 31 car bays and additional lock-up garage / storeroom areas.
The property is substantially leased to a mix of professional and service-based tenants, with additional income secured from rooftop telecommunications infrastructure leased to Telstra and Optus. With approximately 396m²* currently vacant, there is a clear opportunity to improve the income.
With a short WALE and existing vacancy, the property also provides a future pathway for owner-occupiers seeking to secure a prominent freehold premises while benefiting from holding income in the interim.
Property Features:
• 1,428m²* freehold landholding
• 967m²* net lettable area
• 1,292m²* gross building area
• Three-storey professional centre with lift access
• 31 marked car bays plus garage / storage areas
• Substantially leased with diversified income stream
• Rooftop telecommunications income from Telstra and Optus
• Approximately 396m²* vacant, providing immediate income upside
• Current net income of $202,046.81pa*
• Potential fully leased net income of $349,278.81pa*
• Short WALE providing future occupation potential
• Centre C4 / Residential zoning with future mixed-use redevelopment potential
• Prominent Canning Highway exposure with rear access
Sale Details:
Offers to Purchase Invited
Closing 4pm AWST, Thursday 11 June 2026
For further information or to arrange an inspection, please contact:
Lachlan Burrows
0499 552 296
[email protected]
Michael Milne
0403 466 603
[email protected]
Tom Jones
0478 771 117
[email protected]
*Approx.
Property features
-
Land area
1,428m2
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Floor area
967m2
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Tenure type
Tenanted investment
Property snapshot by reiwa.com
This commercial property at 573 Canning Highway, Alfred Cove is listed for sale by Lachlan Burrows and Michael Milne at Ray White Commercial (WA).
It has been described by the agent as ‘RARE SUBURBAN COMMERCIAL INVESTMENT | STRONG VALUE-ADD POTENTIAL’.
If you would like to get in touch with Lachlan Burrows or Michael Milne regarding 573 Canning Highway, Alfred Cove, please call Lachlan on 0499 552 296 or call Michael on 0403 466 603, or contact the agent via email.
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