573 Canning Highway Alfred Cove, WA 6154

RWC presents for sale this prominent mainstreet commercial building in one of Perth's affluent riverside precincts.

573 Canning Highway, Alfred Cove is a modern 3 storey building with abundant parking. The building NLA is 50% leased and produces a strong existing income stream, which is enhanced by roof mounted licences to Telstra and Optus, and the existing NLA can be significantly increased with an open floor plan configuration.

This asset is ideal for investors, owner occupiers and developers (land bankers) and for those who wish to repurpose;

• Investors - you can significantly value-add the income generation via astute management direction and leasing strategy
• Occupiers - take an immediate footprint of up to 482sqm, with a clear pathway to expand as existing leases mature
• Repurpose - the versatile Centre C4 & Residential zoning enables a blend of alternate uses
• Developers - land bank this significant land footprint with a planning framework capable of higher density outcomes

Set on a 1,428m²* freehold site, 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 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 site
• 967m²* NLA (current) across 3 storeys
• 1,292m²* GLA (full floor, open plan configuration)
• Modern spacious high grade lift access
• 31 car bays plus garage / storage areas
• 50% leased + rooftop telecoms income (Telstra & Optus)
• Current net income of $175,715.88pa*
• Imminent rental fixed increases in 2026
• Potential fully leased net income of >$500,000pa*
• 482m²* available for immediate occupation, pathway to greater
• Centre C4 / Residential zoning with higher density potential
• Prominent Canning Highway exposure with rear access

Sale Details:
From $4,000,000

For further information or to arrange an inspection, please contact:

Lachlan Burrows
0499 552 296
lachlan.burrows@raywhite.com

Michael Milne
0403 466 603
michael.milne@raywhite.com

*Approx.