A top floor strata office unit within Piccadilly Square West in Perth’s eastern pocket is being offered to the market.
CBRE has been appointed to market the first floor property at 7 Aberdeen Street, comprising 1,090sqm NLA split into two tenancies occupied by Lifeline WA and Eastern Guruma.
The property, which is also being offered with 23 car bays, is located within the Piccadilly Square West commercial complex – home to a number of not-for-profits, government agencies and education providers.
CBRE’s Michael Milne and Kate Foley have been appointed to market the property via an Offers to Purchase Invited campaign.
Mr Milne said the property’s position in close proximity to the Perth CBD and only 200 metres’ walk to McIver Train Station would be a key selling factor.
“Perth’s expanding east end is an area undergoing transformation, incorporating a mix of apartment developments, offices, restaurants, community facilities and educational establishments,” Mr Milne said.
“With excellent access to public transport, this property represents an outstanding investment opportunity in a well-established and growing pocket of the city.”
Ms Foley said the property’s tenancy profile would attract buyers looking for a secure investment.
“With strong covenants in place, and a number of government agencies in the surrounding precinct, this property offers an attractive opportunity for purchasers looking for a low maintenance, secure investment,” Ms Foley explained.
“Furthermore, the property is underpinned by strong underlying land value given the current zoning and plot ratio that would accommodate high density redevelopment.”
Offers to Purchase Invited close July 20, 2017.
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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.