The home of ANZ’s West Perth branch has been listed for sale – representing an attractive investment opportunity in a high-profile city fringe location.
Located at 1275 Hay Street, the property comprises an NLA of 1,040sqm and is currently leased to ANZ until 2023, with a further five-year option available.
The property benefits from a highly exposed corner location, totaling 716sqm with three street frontages in the heart of West Perth. The contemporary building has been recently fitted out, with large rectangular floor plates providing connectivity and space efficiency.
CBRE’s Ben Younger and Derek Barlow have been appointed to market the property for sale on behalf of a private vendor.
“This property presents an outstanding opportunity to acquire a superbly located retail/office asset, which offers a strong tenancy profile at a critical point in the Perth property cycle,” Mr Younger said.
“The building is situated in a strategic corner position within the core of the West Perth retail precinct, with a wide range of complementing amenities directly on its doorstep.”
Mr Barlow added: “Underpinned by a whole of building lease to the ANZ bank, the property will provide strong rental income to investors for the medium to long term.”
The property, which also includes 19 undercover and secure park bays, is being offered for sale via Expressions of Interest closing April 10.
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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.