Image: 16 Milligan Street, Perth
A striking seven-storey office building in the heart of Perth’s CBD has hit the market, offering investors and owner occupiers the opportunity to unlock this strata-titled asset in one of the city’s most vibrant precincts.
Located at the prominent corner of Milligan and Hay Streets, 16 Milligan Street is being offered for sale in one line via an Expressions of Interest campaign closing on Thursday, July 10, 2025.
The 3,120sqm* building on a 772sqm* site, which includes 21 basement car bays and an expansive 135sqm 3rd floor balcony, is being marketed by Cushman & Wakefield’s Ben Younger, Nick Charlton and Zaahen Kahn.
“This is a truly unique opportunity to acquire a high-profile, income-generating asset with value-add potential with the top three floors available for occupancy in the heart of Perth’s West End,” said Ben Younger, Cushman & Wakefield’s Director and Joint Head of Capital Markets WA.
“The building’s flexible strata configuration, prime location, strong leasing profile on the ground floor plus levels 1 and 2, together with opportunity for occupation of the top three floors providing a combined 1,396sqm, make it an attractive proposition for a wide range of buyers including investors and owner occupiers.”
The property is currently home to popular hospitality venues including the City Beer Hall and Nine Marys Indian Restaurant, both of which occupy the ground floor and contribute to the building’s vibrant street presence.
“City Beer Hall has become a local favourite, blending heritage charm with a modern social atmosphere,” said Mr Younger. “It’s a great example of how this building integrates lifestyle and business.”
Levels 1 and 2 are fully leased with high-quality office fit-outs, while Levels 3 to 5 offer a mix of fitted and vacant spaces, providing scope for value-add strategies or owner-occupation. The building has a strong street presence, and good natural light and offers quality city views.
Nick Charlton, Cushman & Wakefield’s Director and Joint Head of Capital Markets WA, highlighted the building’s development potential: “Under the City of Perth’s proposed Local Planning Scheme No. 3, the site could benefit from increased plot ratio incentives, allowing for future expansion or redevelopment.”
Originally redeveloped in 2004, the building retains the heritage facades of the historic Howtre Chambers (1925) and Read Buildings (1895), blending old-world character with modern amenity.
With proximity to QV1, RAC Arena, and major transport links including the Perth Underground Train Station and Red CAT bus stop, the location is among the most connected in the city.
“This is more than just an office building—it’s a landmark,” said Younger. “We expect strong interest from local and offshore investors looking to capitalise on Perth’s growing CBD momentum.”
*Approx.
