Historic Sheffield House hits the market

A prime parcel of Perth CBD’s Hay Street Mall has been listed for sale as the demand for premium retail offerings heats up.

Sheffield House, located at 713-721 Hay Street Mall, provides 3,469sqm of NLA across four levels above ground plus an extensive basement previously occupied by JB Hifi, sitting on 947sqm of CBD freehold land.

CBRE’s Derek Barlow and Chloe Mason are managing the sale of Sheffield House on behalf of Fund Managers, IFM Investors (Previously known as ISPT).

Mr Barlow said, “Sheffield House is strategically positioned at the coveted western end of the iconic Hay Street Mall, opposite the entrance to Kmart’s flagship CBD store.

There is a rare opportunity for an owner occupier to gain a presence within the tightly held precinct offering over 20 metres of frontage to the mall, delivering unparalleled exposure and branding opportunities.”

Amcal Pharmacy has occupied the property for over 20 years, currently taking 532sqm, which fronts the mall at ground level with the Perth Medical Centre and Clinipath Pathology occupying 366sqm across ground and part of level 1. Further up the building, well-known WA Architects, Cameron Chisholm & Nicol occupy the entire level 3 of the building.

Ms Mason said, “With major projects such as ECU’s $853 million City Campus opening this month, the influx of students and staff is expected to make a significant impact on retail trade within our CBD.  

Sheffield House presents a clear opportunity to drive immediate uplift through targeted leasing initiatives across the vacancy and capitlise on this forthcoming demand.”

Sheffield House is for sale via Offers to Purchase closing 19^th March 2026.