Strategic Inner-City Development Opportunity Offered for Sale in Perth

A Perth CBD fringe property with significant development or refurbishment potential has come to market, with 22 Stirling Street being offered for sale.

Positioned on the doorstep of the Perth CBD, the property comprises a 3,046sq m landholding with dual frontages to Stirling Street and Pier Street.

It currently houses a 4,600sq m two-level office warehouse building formerly used for public parking with 167 car parking bays but is being offered to the market with vacant possession.

Located within the City of Perth’s Stirling Precinct P3 and benefiting from “City Centre” zoning under City Planning Scheme No. 2, the property offers purchasers the opportunity to secure a significant inner-city landholding with existing utility, refurbishment potential and development upside, with a broad range of permitted uses.

It is being offered for sale via an Offers to Purchase campaign being managed by Knight Frank agent Tony Delich and Cygnet West agents Wayne Lawrence and Tory Packer on behalf of the sellers, who have owned the property since 1934.

Mr Delich said the offering represented one of the most significant CBD fringe opportunities currently available in the Perth market.

“Properties of this scale and strategic positioning within immediate proximity to the Perth CBD are becoming increasingly difficult to secure,” he said.

“22 Stirling Street presents investors, developers and owner-occupiers with a compelling opportunity to capitalise on a substantial landholding that offers a combination of existing utility, significant underlying land value, refurbishment potential and long-term development outcomes.”

Ms Packer said the property’s connectivity and surrounding amenity would appeal to a broad range of buyers.

“The property sits within a precinct that is undergoing significant transformation, supported by major government, residential, education and infrastructure investment, including the nearby ECU City Campus and continued revitalisation of the Northbridge and Perth City Link precincts.

“Importantly, the site’s planning framework provides considerable flexibility, with the proposed Perth Local Planning Scheme No. 3 expected to significantly increase the allowable base plot ratio, creating enhanced redevelopment opportunities over the longer term.”

The location provides direct access to Perth Train Station, Perth Busport, McIver Train Station and the broader freeway network, making it one of the most accessible inner-city locations in Perth.

It is within walking distance of Yagan Square, the Perth Cultural Centre, malls, Northbridge entertainment precinct and Perth’s core retail and commercial districts.

The Offers to Purchase campaign for 22 Stirling Street, Perth will close at 3pm (AWST) on Wednesday, 2 December 2026.