Sydney, 8 October 2013- A prominently located West Perth office building is coming to the market with joint selling agents CBRE and Knight Frank.
600 Murray Street is an eight level office building sitting in a 1,389sqm site with panoramic views over the Perth CBD.
Situated in the desirable West Perth commercial precinct, this well presented property features 5,882sqm of quality office accommodation with floor plates ranging in size from 463sqm to 1,174sqm.
600 Murray Street benefits from several transport options, including the CAT bus system, West Perth train station and easy access to Perth’s freeway network.
Andrew Woodley-Page and Peter Agostino from CBRE are marketing the property, along with John Corbett and Todd Schaffer of Knight Frank.
Mr Woodley-Page said the building underwent an extensive refurbishment in 2010 and features many outstanding credentials that astute investors are looking for including a WALE of 6.4 years, fully leased net income of over $3.3 million and an attractive car parking ratio.
“West Perth office assets such a substantial income stream and an enviable car parking ratio are highly sought after,” said Mr Woodley-Page.
Mr Corbett said “additionally, the property also has the advantage of having 95.5% of space already leased to Worley Parsons, a global provider of technical, project and operational support services, until 2020.”
Western Australia continues to profit from the resources industry, with over $176 billion worth of projects under construction or committed to in the state. West Perth is a preferred location for resource sector tenants and consequently remains one of the tightest office markets in the nation.
The property is being sold via Expressions of Interest with Offers to Purchase invited to be submitted closing 2pm (WST) on Wednesday 13 November 2013.
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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 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 atwww.cbre.com.au.