The crown of King Street listed for sale for the first time

One of the Perth CBD’s most prominent assets, the family-owned Ackroyd and Harpers Buildings, have hit the market for the first time in more than 130-years.

The Ackroyd and Harpers Buildings, located at 26-38 King Street and 810-824 Hay Street respectively, are among the city’s most historically significant and are situated on one of the highest profile corners in the CBD.

Occupying a sizeable 2,372 sqm landholding which offers extensive upside and value preservation qualities, the asset offers approximately 4,109 sqm of gross lettable area across four individual buildings and is leased to high calibre tenants including Chemist Warehouse and AS Colour.

The property is being marketed for sale by CBRE’s Aaron Desange and Nicholas Volk via an Expression of Interest Campaign closing Thursday 30 October 2025.

Mr Desange says King Street remains one of the most tightly held precincts in the Perth commercial real estate market.

“Opportunities to purchase assets in this culturally important thoroughfare are extremely rare and we expect to see considerable interest from a range of groups to acquire what is generational real estate,” he notes.

“Perth has recently attracted a range of luxury global brands to the CBD including Cartier, Dior, and Van Cleef & Arpels, with the Crown of King Street able to immediately capitalise on additional brands seeking to enter the resilient WA economy and market,” Mr Desange says.

Mr Volk adds, “The asset has immense potential over both short and long-term horizons, with the ability to enhance income returns via active leasing and repositioning strategies or redevelopment to cater to a range of end uses.

“Precinct-defining developments including ECU’s City Campus and UniLodge 609 Wellington Street will underpin significantly improved CBD visitation and foot traffic along King and Hay Street, supporting tenant demand and rents.”