Devon House, 729 Hay Street Mall, Perth WA 6000

Cygnet West is excited to present Devon House; a rare freehold opportunity located in the heart of the Perth CBD along the renowned Hay Street Mall. This landmark building offers exceptional exposure within one of Perth’s most tightly held retail precincts, surrounded by national and international brands.

The ground floor retail tenancies have just been leased to a convenience store (5-year term) and a currency exchange (4-year term) — both with options and fixed annual rent reviews, providing secure, diversified holding income. The upper three levels of vacant office accommodation and basement storage areas present clear value-add or redevelopment potential under the flexible ‘City Centre’ zoning.

Strategically positioned just 400 metres from the soon to be completed Edith Cowan University City Campus, and already benefiting from 20,000 pedestrians passing by daily, Devon House is ideally placed to benefit from a significant uplift in activity and retail demand within Perth’s rejuvenated urban core.

Investment Highlights
• Prime CBD Location: Prominent frontage along the Hay Street Mall surrounded by major national retailers.
• Secure Income Stream: Recently leased ground-floor retail generating a stable net income of $211,716.
• High Pedestrian Exposure: Over six metres of mall frontage with exceptional daily foot traffic.
• Growth Catalyst: Within immediate proximity to ECU’s new City Campus.
• Development Upside: Zoned ‘City Centre’ with redevelopment potential (5:1 plot ratio plus bonus).

For Sale by Offers Invited

For further details or to arrange an inspection, please contact the exclusive selling agents:
Ahmad Ibrahimi – Director
Matt Davies – Associate Director