Photo imaging, surveying, medical and CCTV specialist C.R. Kennedy has called time on its West Leederville home of 17 years after selling its Oxford House property for $2.238 million.
CBRE’s Kate Foley negotiated the sale of the 17-19 Oxford Close property, comprising a two storey commercial building boasting 772sqm of office accommodation, to a Perth-based owner-occupier.
Located on a 748sqm site, Oxford House benefits from close proximity to Perth’s largest business hubs, including Leederville, West Perth and the Perth CBD, in addition to transport links such as the freeway network and train line.
Ms Foley said the sale highlighted the favourable purchasing environment for office occupiers in the Perth market.
“The vendor capitalised on the current state of the office market – upgrading to a higher quality, larger premises and divesting its former home at Oxford House,” Ms Foley said.
“New entrants are making the most of affordable office space and sustained low interest rates to secure a presence in the commercial property market.”
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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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.