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Colliers is delighted to offer, for sale by “Expressions of Interest”, 498 - 536 Murray Street, Perth. An outstanding opportunity to acquire a significant 2,138sqm site in Perth’s sought after “West End” location and suitable for range of development possibilities.
The Opportunity:
The property represents a rare opportunity to create a landmark residential, office or student accommodation development capitalizing on its generous development guidelines, its connectivity to transport routes, public transport and key amenity and destinations of the Perth CBD and surrounding areas.
Location:
Situated on the corner of Murray and Elder Streets, positioned close to the Perth Arena, the soon to open ECU Perth campus, Yagan Square, the Hay and Murray Street Malls and access to the Kwinana and Mitchell Freeways.
Improvements:
The property consists of 20, 45sqm – 49sqm strata titled commercial retail/office units with on-site car parking. The combined building area is approximately 974 sqm.
Tenancy:
The property is sold subject to existing leases with a current income of $237, 903pa*. Please refer to the selling agents for further information.
Zoning:
The City of Perth advise that the property is zoned “City Centre”.
Development Guidelines**
Plot Ratio- 5.0 :1.0 plus bonuses**
Height Limit- Nil
Land Details*:
Frontage to Murray Street- 104.05 metres
Frontage to Elder Street- 17.00 metres
Land Area- 2,138 sqm
Sale Process:
The property is offered for sale by “Expressions of Interest” closing 3.00pm Wednesday, 25th March 2026.
For further information, or to arrange an inspection, please contact the exclusive selling agents.
*Approximately.
**STCA.
Remember to mention you found this property on DevelopmentReady
Colliers is delighted to offer, for sale by “Expressions of Interest”, 498 - 536 Murray Street, Perth. An outstanding opportunity to acquire a significant 2,138sqm site in Perth’s sought after “West End” location and suitable for range of development possibilities.
The Opportunity:
The property represents a rare opportunity to create a landmark residential, office or student accommodation development capitalizing on its generous development guidelines, its connectivity to transport routes, public transport and key amenity and destinations of the Perth CBD and surrounding areas.
Location:
Situated on the corner of Murray and Elder Streets, positioned close to the Perth Arena, the soon to open ECU Perth campus, Yagan Square, the Hay and Murray Street Malls and access to the Kwinana and Mitchell Freeways.
Improvements:
The property consists of 20, 45sqm – 49sqm strata titled commercial retail/office units with on-site car parking. The combined building area is approximately 974 sqm.
Tenancy:
The property is sold subject to existing leases with a current income of $237, 903pa*. Please refer to the selling agents for further information.
Zoning:
The City of Perth advise that the property is zoned “City Centre”.
Development Guidelines**
Plot Ratio- 5.0 :1.0 plus bonuses**
Height Limit- Nil
Land Details*:
Frontage to Murray Street- 104.05 metres
Frontage to Elder Street- 17.00 metres
Land Area- 2,138 sqm
Sale Process:
The property is offered for sale by “Expressions of Interest” closing 3.00pm Wednesday, 25th March 2026.
For further information, or to arrange an inspection, please contact the exclusive selling agents.
*Approximately.
**STCA.
Remember to mention you found this property on DevelopmentReady
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