20 Brown Street, East Perth, WA 6004

Sterling Property as Exclusive Selling Agents are pleased to offer 20 Brown Street, East Perth For Sale by Offers Invited, closing 2pm (AWST) Thursday 28th August 2025 (unless sold prior).

This strategic investment opportunity is underpinned by a secure long-term lease to the North Metropolitan Health Service (State Government of Western Australia) and offers significant future development potential.

Located in the heart of the East Perth regeneration precinct, the property combines income security with a strategic, land-rich holding. It benefits from direct proximity to Optus Stadium, major transport links, Claisebrook Village, and the future East Perth Power Station redevelopment—positioning it as a highly compelling investment with long-term upside.

The Opportunity:
- Rare landholding in tightly held East Perth waterfront location
- Ideal for investors or land-bankers seeking future redevelopment upside
- Leased to North Metropolitan Health Service (State Government of Western Australia)
- Secure income through to 30 November 2027 + 2 x 5-year options
- 2,045sqm Large Inner-City Site with Flexible Development Potential*
- Strategic location with walkable amenity and connectivity to rail, stadium, and waterfront
- Immediate proximity to the East Perth Power Station urban renewal zone

Location:
20 Brown Street is situated in the vibrant East Perth precinct, just 1.5km* from the Perth CBD. The area is undergoing rapid transformation driven by major government-led infrastructure projects and private investment. 

The site sits within walking distance of Optus Stadium, the Claisebrook Train Station,  Matagarup Bridge, the Swan River, and the East Perth Power Station redevelopment area – one of WA's most significant urban regeneration projects.

Lease Details:
- Leased to North Metropolitan Health Service
- Net Income: $415,506 pa 
- Lease Expiry: 30 November 2027
- Option: 2x5 year options
- Rent reviews: Annual CPI Increases + Market Review at Option

Sale Process:
20 Brown Street is For Sale via Offers Invited closing 2pm (AWST)  28th August 2025 - Unless Sold Prior.

Inspections:
By appointment only.

For further information contact the Exclusive Selling Agents Brian Neo on 0411 868 486 or Jack Bradshaw on 0439 095 336.

* approximate