Value Add Office Investment
Savills and Knight Frank, as joint exclusive selling agents, are pleased to offer a compelling opportunity to acquire a 100% freehold office asset in the heart of the legal precinct of the Perth CBD.
- Contemporary 10 level, 5,352sq m* office tower in the eastern precinct of the Perth CBD
- Occupies an exceptional 1,125sq m* corner site with dual frontage to Victoria Avenue and Hay Street
- Benefits from over $7 million* capital expenditure spent
- The asset has been strategically repositioned to benefit from rising rental demand and falling vacancies in the Perth office market
- Offers a superb setting for work-life balance supported by extensive major public infrastructure
- Income producing asset available at well below replacement cost with a potential fully leased net income of $2.25 million*
- 0-Star NABERS Energy rating. The previous rating with a higher occupancy was 3.5-star NABERS Energy rating
This is an exceptional opportunity to secure a prime Perth CBD real estate via an Expressions of Interest sales campaign closing Thursday 24th October 2019 at 2pm (AWST).
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