A Burswood office building located on the doorstep of the Perth CBD has been listed for sale by CBRE.
The property, situated at 21-25 Teddington Road, comprises a commercial office building with a net floor area of 2,266sqm spanning two levels and 57 secure car parking bays at basement level.
Located within walking distance to the Crown Perth resort, Optus Stadium and the Victoria Park café precinct, the contemporary office building is ideal owner occupiers as a corporate headquarters.
The large office floor plates are fully partitioned, fitted and substantially furnished to a high specification, including formal entry with a glass lift. The building is easily subvisible into smaller tenancies and is also DDA compliant for universal access.
Two residual leases to digital IT specialists Openet and Abbott Australasia provide an immediate income stream to the incoming purchaser.
Boasting a NABERS rating of 3.5 stars, the property value is underpinned by a 2,295sqm underlying land footprint, with a mixed-use planning framework that enables high density, high-rise mixed development.
“This property presents an outstanding investment opportunity, offering quality presentation, large footplates and prominent signage in a high-profile location,” Mr Milne said.
“The property’s location on the doorstep of Perth’s CBD and short walking distance to the Victoria Park café strip will underpin buyer interest, particularly from owner occupiers looking to acquire a quality property in the current buyers’ market.”
The property is being offered for sale via Expressions of Interest closing March 8.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.