19, 23 & 25 Lyall Street, South Perth, WA 6151

Axia Corporate Property is pleased to present, 19, 23 & 25 Lyall Street, South Perth, for Sale by Offers Invited closing 4pm (AWST), Thursday 17th July 2025^. 

The arrival of the properties to the market provide a superb opportunity for investors, developers and owner occupiers alike, to acquire seldom available, land rich freehold assets either individually or collectively, located within one of Perth’s premier residential/mixed use precincts.

South Perth has long been regarded as one of Perth’s most prestigious riverside suburbs, strategically located opposite the Perth CBD. More specifically, the properties collectively, occupy a prominent position on the northern side of Lyall Street within walking distance to the vibrant Mends Street retail precinct and Swan River.

ACQUISITION HIGHLIGTS:

- Sizeable landholding of 2,385sqm* comprising 4 adjoining lots
- Three standalone, character office buildings totaling 645sqm* of lettable area
- Collective income stream of $154,297.39
- Expansive aggregated street frontage of 57 meters*
- Outstanding redevelopment potential with holding income
- Ability to retain existing improvements or redevelop
- 26 total car bays
- Favourable and flexible ‘R-AC0’ zoning
- Superb connectivity to major transport networks
- Affluent residential catchment

19 Lyall Street
Occupying 895sqm* of land over two lots, the property presents as a tidy two-level office building of double brick construction, offering 343sqm* of Net Lettable Area, comprising a flexible internal layout including open plan workstations, private offices and amenities over both floors. The building benefits from high ceilings and a well shared abundance of natural light.

14 Car Bays are located to the rear of the property.

The asset is currently leased until April 2027, with potential tenure extending until 2032.

Passing Net Rent = $74,492.28 p.a.  plus GST



23 Lyall Street
Situated on 893sqm* of land, 23 Lyall Street comprises a character office, offering 180sqm* of Net Lettable Area consisting of 6 private offices, easily adapted to suit for private/shared workspaces, a board room or consulting rooms.

8 Private car bays are located to the rear of the property, covered by a standalone canopy.

A short-term holding income is offered with future value add or occupation potential.

Passing Net Rent = $45,000.00 p.a. plus GST (Pending Extension).



25 Lyall Street
Residing on 597sqm* of land, this extremely well-located boutique character office offers 122sqm* of modern accommodation, inclusive of 3 private offices, a board room and an open plan workspace. Amenities include a fully serviced kitchen and bathroom facilities.

4 undercover car bays are located to the rear of the property.

The property is leased until November 2025, offering future flexibility to investors and occupiers alike.



Zoning
All three properties are currently zoned ‘Centre R-AC0’ as per the City of South Perth Local Planning Scheme No. 7.

Falling within the South Perth Activity Centre Plan, the properties are well positioned to benefit from zoning uplifts in development capacity, when consolidated. (STCA)


For more information, please contact Wayne Mitsikas and Fintan Kinsella.

*Approx.
^Unless sold prior