Perth, 05 November 2014 – Three floors of prime office space in one of Perth’s most sought after business hubs have been listed for sale, offering an attractive opportunity to gain a foothold in the city’s rapidly evolving Elizabeth Quay precinct.
CBRE’s Ben Younger and Michael Milne, in conjunction with LJ Hooker Commercial’s Vincent Siciliano and Matthew Lyford, have been appointed to sell three contiguous floors located within the quality 41 St Georges Terrace office building.
Each floor comprises 305sqm of space, with two of floors benefiting from existing fitouts, while the property has also undergone extensive refurbishment of its common areas.
Mr Younger said the property’s close proximity to the city’s bourgeoning riverside precinct was expected to attract strong investor and owner occupier interest.
“Surrounded by some of Perth’s most significant developments, the river side of St Georges Terrace is earmarked for major transformation over the coming years,” Mr Younger said.
“Now is the time to buy in this prime location – at a low point in the market cycle and where a large portion of the CBD capital expenditure is currently occurring.”
Mr Younger added: “It is an opportune time to capitalise on the anticipated growth of this area, with nearby developments including the Cathedral and Treasury Precinct, new Supreme Court and Elizabeth Quay making this a sought after location to secure.”
The property will also be located in close proximity to Perth’s first six star hotel, which forms part of the multimillion-dollar Cathedral and Treasury Precinct.
Mr Younger added: “41 St Georges Terrace offers a unique opportunity to invest right in the heart of Perth’s evolving CBD landscape.”
“It’s proximity to the Stock Exchange and Swan River are also major selling drawcards, which we expect will appeal to buyers.”
The property also benefits from secure basement car parking, as well as an abundance of nearby public parking and transport options.
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