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 commercial office building occupies a 1,696sqm freehold corner site opposite Parliament House and provides 2,192sqm of building area with 55 on-site car bays.
The property is being marketed for sale by Sterling Property in conjunction with RWC WA, with agents Jack Bradshaw, Brian Neo, Michael Milne and Brett Wilkins handling the campaign.
The building which provides high-quality Landlord owned fit outs currently leased to a diverse tenant mixincluding Piacentini & Son, Hillside Meat Processors, CSE Global and Oakfield Strata Management, generating a net income of approximately $1.11 million per annum.
The asset also offers flexibility for future owner-occupation, with approximately 507sqm capable of being occupied in the near term and the potential to expand to more than 1,000sqm over time.
Sterling Property senior partner Jack Bradshaw said the campaign was expected to attract interest from a broad range of buyer groups.
“The building appeals to multiple buyer profiles including investors seeking income, owner-occupiers wanting a highly visible headquarters location, and developers attracted to the long-term strategic position and the City of Perth’s imminent planning uplift of the site,” Mr Bradshaw said.
The building has also benefited from significant recent capital investment including the installation of a new HVAC system costing more than $1 million, as well as a roof-mounted solar system designed to improve energy efficiency and reduce operating costs.
RWC WA senior advisor Michael Milne said the West Perth market continues to benefit from improving office fundamentals.
“With vacancy declining, limited new supply and strong demand from various sectors including resources-related businesses, well-located office assets in West Perth are attracting renewed investor interest. This asset also has the benefit of being a short walk into the Perth CBD,” Mr Milne said.
Under the City of Perth’s draft Local Planning Scheme No.3, the site is identified for High Scale Mixed Use development with a potential plot ratio of up to 8:1, creating longer-term redevelopment potential subject to approvals.
Sterling Property managing director Brian Neo said the asset represents one of the most strategically positioned office buildings currently offered to the market in West Perth.
“Freehold office opportunities of this scale and prominence are exceptionally tightly held. The property occupies a gateway position between West Perth and the CBD directly opposite Parliament House, which is a location very few assets can replicate,” Mr Neo said.
RWC WA director Brett Wilkins said the strong leasing profile combined with future flexibility would underpin buyer demand.
“Assets that combine secure income today with future repositioning or owner-occupation potential are particularly sought after in the current market, and this property offers both,” Mr Wilkins said.
The property is being offered for sale via an Offers to Purchase campaign closing 15 April 2026.
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