For the first time in many years, an opportunity to acquire a substantial property holding in the heart of West Perth is being brought to market by JLL.
Comprising 1202–1204 Hay Street and 80 Colin Street, the 5,344 sqm supersite is prominently positioned, sitting adjacent to West Perth’s lively retail and café precinct.
The supersite boasts three street frontages and has two existing character office buildings, a charming early 1900s heritage church, and a single-storey café/retail premises, offering significant holding income.
“This is a once-in-a-generation opportunity to secure an aggregation of this scale and flexibility in a location that’s ripe for transformation,” said Sean Flynn, Senior Director of Capital Markets at JLL. “It’s a chance to shape the future of West Perth.”
“The offering is an aggregation of three titles that are currently held in separate unrelated ownership, so the potential for such a large combined development site in this location would not have been readily apparent to the market,” said Mr Flynn.
The site benefits from a flexible mixed-use planning framework that accommodates a broad range of potential outcomes, including office space, apartments, student accommodation, hotel/short-stay, build-to-rent, activated retail and hospitality tenancies and delivers the potential to incorporate the heritage church structure in a future development.
Just one kilometre from the Perth CBD, the supersite offers seamless access to the city and Perth’s freeway network. It also sits within the Perth Bus Free Transit Zone, enhancing its appeal for a variety of end uses.
The combined site falls under the City of Perth Planning Scheme No. 2, with an existing Special Control Area (SCA) supporting over 19,000 sqm of plot ratio.
Nigel Freshwater, also a Senior Director of Capital Markets at JLL, highlighted the site's potential and strategic value.
“The current draft Local Planning Scheme No. 3 has the potential to significantly enhance the site’s development scale — with the opportunity to deliver more than 30,000 sqm of Plot Ratio, subject to council approval. With capacity for both single- and multi-building outcomes within a three-dimensional development envelope exceeding 50,000 sqm of Gross Floor Area, the site offers exceptional flexibility for visionary developers.”
“The opportunity is further bolstered by Western Australia’s strong economic fundamentals — underpinned by a world-leading resource sector, a resilient labour market, population growth, and a historically undersupplied housing market.
“With Perth’s robust economy and the site’s proximity to key amenities like Kings Park, Perth Arena, and the future Edith Cowan University city campus, we expect strong interest from local, interstate, and international developers,” Mr Freshwater said.
The 100% freehold interest in 1202–1204 Hay Street and 80 Colin Street is being offered for sale via International Expressions of Interest, closing at 2:00pm (AWST) on Wednesday, 7 May 2025.
