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15-17 Altona Street West Perth, WA 6005

Sold on 15 Jul 2024
  • Building: 2,290m²
  • Land: 1,656m²
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Offices in West Perth

West Perth - Under Contract

  • Building: 2,290m²
  • Land: 1,656m²

UNDER CONTRACT

Freestanding commercial building with top floor bonus apartments.

15 - 17 Altona Street, West Perth comes with 1,911sqm* NLA of offices, also three top floor apartments and 60 car bays.

This fabulous dress circle location near Kings Park and the Parliament precinct is now earmarked for high rise increased density development under the new City of Perth planning scheme.

This impeccably presented office building has been substantially upgraded and comes with fit outs and a decent holding income with short term tenancies.

The total office NLA is 1,911.2sqm* over three floor plates, plus three bonus top floor two storey residential apartments. Major refurbishments include a high end entry statement, three floors of contemporary offices, new lift, modern internal amenities and building access control systems (alarms and CCTV). A creative new external façade would complete this transformation.

Commercial offices:

  • 1,911.2sqm* NLA offices over three floors
  • 60 single car parking bays
  • Partially leased, short term, strong income stream
  • 4 star NABERS rating

Residential apartments:

  • Three spacious top floor apartments
  • 379sqm* plus expansive patio balconies
  • Fully leased

Land footprint:

  • 1,656sqm total site area with front and rear ROW access
  • New planning scheme - increased density high rise

Carparking:
60 individual car parking bays being a generous ratio of 1.35sqm (rounded). No tandems or stackers!

Contact exclusive selling agents

Brett Wilkins
RWC WA
M: 0478 611 168
E: brett.wilkins@raywhite.com

Michael Milne
RWC WA
M: 0403 466 603
E: michael.milne@raywhite.com

*approximate

Building:

2,290m²

Land:

1,656m² / 0.41 acres

Zone:

Office/Residential (Mixed Use)

Tenancy:

Tenanted

Energy Rating:

4

Categories:

Offices, Land/Development, Medical/Consulting

Share:

Investment Information

Tenancy Status:

Partially Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

15-17 Altona Street, West Perth, WA 6005