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JLL and Knight Frank are pleased to present for sale 182 St Georges Terrace, Perth, an 11-storey office building centrally located in the core of the Perth CBD.
The property has an NLA of 5,030sqm* with 29 secure car bays and sits on 810sqm* of prime land.
Extensive refurbishments to the building have been undertaken since 2017 with significant capital expenditure totalling close to $7 million. The refurbishments have created a modern vibrant lobby with a shared boardroom facility at ground floor level available to all tenants. The addition of the café at street level fronting directly on to St Georges Terrace provides in-house amenity to the buildings tenants, increasing its appeal.
The building is 96% leased to multiple tenants from diverse business sectors minimising risk to income flow, generating a passing net income of $2,327,000*. Significantly there has been a number of leasing deals concluded in the building in the last 18 months which highlights the property’s position in the market.
- Core CBD location
- Diversity of income
- Minimal future capital expenditure
- 96% leased
- 4.5 Star NABERS Energy rating
182 St Georges Terrace, Perth is being offered for sale by Expressions of Interest closing 2pm (AWST) Thursday 30th September 2021.