10 William Street, Perth WA 6000

This outstanding CBD site, is an irreplaceable investment or development opportunity strategically located in the central core of Perth City.

The recently been refurbished and upgraded Perth Education Hub building at 10 William Street Perth is an 8-storey fully leased investment, providing substantial net ongoing income or an opportunity for exciting redevelopment.

Perfectly positioned between St Georges Terrace and the new Elizabeth Quay business, commercial, hotel and entertainment precincts, the building occupies only a portion of this large CBD land holding of 1,560 sqm, which enables further significant development opportunities on the site as is, or alternatively total redevelopment options for the property.

KEY INVESTMENT FACTS:
• Core CBD Strategic Site
• Located in the new Heart of Perth precinct - between St Georges Terrace & Elizabeth Quay
• Fully Leased Investment
• Prime Redevelopment Opportunity

KEY BUILDING FACTS:
• 8 Levels - Main Entry from William Street
• 4,248 sqm NLA
• Dual Access with rear Entry from Howard's Lane
• Substantially refurbished to 9B Certification for Education
• Side Core Lift Design
• 30 Ground Level Car Bays

KEY REDEVELOPMENT FACTS:
• Large 1,560 sqm landholding that is substantially underdeveloped
• Current City of Perth (LPS No.2) permits up to 14,040 sqm of base building area
• Proposed City of Perth (LPS No. 3) to allow up to 23,400 sqm of base building area
• No set height limits

KEY INCOME FACTS:
• 100% leased occupancy building (as full floors) to 4 separate Educational Tenants
• Leading Global and Australian tenants providing strong income security
• Annual fixed rental increases of 3.4% (by income)
• WALE of 3.9 years (by income)
• Current net passing income of $1,569,158 p.a.
• Current net face rent income (excluding incentives) of $2,178,453 p.a.


THE OPPORTUNITY:

This property is one of the largest underdeveloped landholdings in the Perth CBD, strategically positioned in the central core gateway between the City and Elizabeth Quay.

Site opportunities like this are extremely rare, if not impossible to find.

The recent estimated $4 billion already invested in the development of property and infrastructure in Elizabeth Quay, has shifted the core of the Perth CBD to this new precinct, with multiple A-grade offices, entertainment facilities, major hotels, accommodation services, luxury apartments, tourism attractions and transport hubs in this new Perth epicentre.

This property at 10 William Street is surrounded by other landmark buildings and developments, placing it bullseye within the strategic heart of Perth.

This is a fantastic opportunity for both investors and property developers to secure a foothold in this irreplaceable location through the acquisition of this central development site.

Call now for further information....