Perth, 8 April 2015 – CBRE has been appointed to sell a highly adaptable commercial office building in the growing Burswood precinct.
The property, located at 172 Burswood Road, offers1,310sqm of lettable space on a prominent corner block. The property benefits from a prime CBD fringe location, close proximity to transportation networks, ample parking, and re-development potential.
The Burswood Road site permits a versatile range of preferred high density re-development options including the potential to develop up to 6 storeys commercial, residential or mixed use buildings.
The property will be sold with vacant possession including the existing fit-out, enabling buyers to utilise as is or modify to suit individual requirements. The building layout also lends itself to sub-division options, creating the potential for multiple occupants.
Michael Milne and Ben Younger of CBRE will be selling the property via Offers Invited closing Thursday 23rd April 2015 at 4.00pm.
Mr Younger said the strategic CBD fringe location in a proven residential and commercial market would be a key selling factor, particularly in light of the re-development potential the property offers.
“Burswood is currently undergoing significant urban renewal that will likely witness substantial capital growth in the coming years, making it incredibly appealing to buyers,” Mr Younger said.
“The historically low interest rate is further prompting more people to buy rather than rent, which should contribute to a competitive sale,” Mr Milne added.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.