Office

182 St Georges Terrace, Perth

182 St Georges Terrace Perth, WA Australia 6000
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Building Area
Land Area ()

Property Description

JLL and Knight Frank are pleased to present for sale 182 St Georges Terrace, Perth, an 11-storey office building centrally located in the core of the Perth CBD.

 

The property has an NLA of 5,030sqm* with 29 secure car bays and sits on 810sqm* of prime land.

 

Extensive refurbishments to the building have been undertaken since 2017 with significant capital expenditure totalling close to $7 million. The refurbishments have created a modern vibrant lobby with a shared boardroom facility at ground floor level available to all tenants. The addition of the café at street level fronting directly on to St Georges Terrace provides in-house amenity to the buildings tenants, increasing its appeal.

 

The building is 96% leased to multiple tenants from diverse business sectors minimising risk to income flow, generating a passing net income of $2,327,000*. Significantly there has been a number of leasing deals concluded in the building in the last 18 months which highlights the property’s position in the market.

Investment Highlights

  • Core CBD location
  • Diversity of income
  • Minimal future capital expenditure
  • 96% leased
  • 4.5 Star NABERS Energy rating


182 St Georges Terrace, Perth is being offered for sale by Expressions of Interest closing 2pm (AWST) Thursday 30th September 2021.


*approx

Last Updated Date: 01 Sep 2021
John Williams
John Williams
Managing Director - WA
Nigel Freshwater
Nigel Freshwater
Head of Sales and Investments - WA

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Last Updated Date: 01 Sep 2021

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