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Sold on 11 May 2017

Whole Building/668 Murray Street West Perth WA 6005

  • Offices
  • Floor Size1,206 m²
  • PriceSold

SOLD!

Altegra Property Group are pleased to offer this securely leased, high quality free standing office building for sale with high net return of 9.43% approx.

A four level office building fully refurbished to an as new standard in 2012. The building was stripped back to a shell and re-built with new lift, air-conditioning, electrical, ceilings, floor coverings, and much more.

An Inspection will show the high quality finish as this building presents as new and better than most in West Perth.

Leased to Linkforce Engineering who are a Leading Integrated Engineering Services company employing over 1200 personnel servicing Western Australia mining, construction and infrastructure sectors.

> Land Area 624m2 with ROW access from Wellington Street.
> Building Area 1,207m2 approx lettable area.
> Passing Net Rent: $679,061
> Net Return 9.43% approximate
> Lease Expiry: 25 January 2020 + 4yr option.
> Security: Bank Guarantee for $581,630
> Carbays: 11 onsite car-bays at basement level.

The City of Perth has advised the property is zoned "Commercial" within Precinct 10 "West Perth" which allows for a 3:1 plot ratio with 25% to 50% bonus potential. This allows for Plot Ratio upside on the site. The baseline plot ratio allowance for the site equates to approx 1,872m2 of building. This is before applying bonuses.&#xD&#xD Located facing Murray Street in West Perth which is one of Perth CBD’s best and most sought after fringe suburbs. The Locality is undergoing significant enhancement with new office buildings constructed nearby. Across the road, Finbar have started construction on AIRE Residential Tower which is a 22 level project.

Situated not far from the intersection of Havelock Street, this property has easy access to both the CBD along Murray Street and the Mitchell Freeway and Graham Farmer Freeway along Thomas Street.

Public Transport is provided in close proximity via the Red CAT bus stop 21 on Murray Street in addition to City West Railway Station.

Contact Joint Selling Agents for further information.

Property Highlights

Property ID2013096345
Date Sold11 May 2017
Floor Area1,206 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingAsk Agent
Category
Last updated  11 May 2017
Map for Whole Building/668 Murray Street West Perth WA 6005
Altegra Property Group Pty Ltd
Level 7, 12 St George's Tce Perth WA 6000

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