A significant slice of Perth’s eastern CBD is set to change hands, with the prominent development site at 228 Adelaide Terrace formally launched to the market by Andrew Woodley-Page and Brett Wilkins of RWC WA.
Occupying a substantial 3,275sqm freehold landholding, the property presents a rare large-scale CBD development opportunity in one of the city’s most tightly held growth corridors.
Located on Adelaide Terrace, a key eastern gateway boulevard into the Perth CBD, the site currently includes an older multi-level office building comprising approximately 5,687sqm of net lettable area and 50 car bays. However, the underlying landholding and planning controls position the asset squarely as a future redevelopment opportunity.
Under current planning provisions, the site benefits from a 5:1 plot ratio with the potential to increase to 8:1, offering scope for a significant mixed-use or commercial project in a precinct that continues to evolve with new residential towers, hotels and institutional developments.
Andrew Woodley-Page said opportunities of this scale in Perth’s CBD are becoming increasingly rare.
“Sites of this size within the CBD grid are extremely tightly held, particularly along Adelaide Terrace where development activity and investment confidence have been steadily building,” he said.
“This property offers genuine scale and flexibility for developers looking to capitalise on the continued transformation of the eastern CBD corridor.”
The site sits within a well-established urban environment surrounded by commercial towers, high-density residential developments and leading hospitality assets, while also benefiting from close proximity to the Swan River foreshore.
Brett Wilkins said the location’s connectivity and amenity were major drivers of long-term value.
“Adelaide Terrace has long been recognised as one of Perth’s key CBD boulevards, linking directly to the Causeway, Graham Farmer Freeway and the broader eastern suburbs,” Wilkins said.
“With access through to Burswood and Perth Airport, along with proximity to major lifestyle and employment hubs, it’s an address that continues to attract both commercial and residential development.”
The property sits within easy reach of several major Perth landmarks including Optus Stadium, Royal Perth Hospital, the WACA Ground and the entertainment and hospitality precinct at Crown Perth.
Educational institutions such as Mercedes College Perth and Trinity College Perth are also nearby, alongside the Curtin University Business School, further reinforcing the area’s diverse mix of uses.
Mr Woodley-Page noted the precinct is undergoing continued planning-led transformation.
“The eastern CBD has been steadily evolving into a vibrant mixed-use neighbourhood combining offices, hotels, residential living and lifestyle amenity,” he said.
“Large-scale development opportunities that can contribute to that next phase of growth are becoming increasingly scarce.”
The property will be offered for sale via Expressions of Interest closing Thursday, 23 April 2026 at 4pm AWST.
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A landmark West Perth office building formerly occupied as the headquarters of property developer Blackburne has been brought to market, presenting investors, owner-occupiers and developers with a rare opportunity to secure a prominent freehold site on the edge of the Perth CBD. Located at 1050 Hay Street, West Perth, the two-level … Read more