Fully leased office building hits the market in Burswood

BUYERS have a fantastic opportunity to purchase an outstanding investment opportunity as a refurbished modern office building that is 100 per cent occupied hits the market in Burswood at 11 Kitchener Avenue.

The asset, that comes with 1,484sq m* building size and 1,334sq m* land area, also offers the ability to landbank for future development and is available via expressions of interest.

The property is being marketed and sold by Ray White Commercial (WA) Property Advisor Brett Wilkins and Director Chris Matthews.

Mr Wilkins said it was an incredible opportunity for an investor, property syndicate or developer to acquire a fully leased refurbished office building with great future potential.

“The property comprises a modern two-level building within the established eastern suburb of Burswood, around three kilometres east of the Perth Central Business District,” he said.

“Internally, the improvements are divided into three tenancies, each with a combination of open-plan and partitioned office accommodation.

“The tenancies include Motorola Solutions Australia, TZ Minerals International Pty Ltd and Sense Australia, and they produce an income of $325,757* p.a.”

Mr Matthews said the property was in the Town of Victoria Park ‘Local Planning Policy 22 Causeway Precinct – Area 5 – Elevated Mixed Use’.

“Development standards for this site include commercial and/or multi-level high-density residential development (R160), maximising its elevated location with the potential for city and river views,” he said.

“The freestanding office building is central with easy access into the Perth CBD and main arterial roads including Albany Highway, Great Eastern Highway, Graham Farmer Freeway and near public transport making it an extremely convenient location.”

Expressions of interest close on Thursday 04 June 2020 at 5pm (AWST).

*Approximately.