10 William Street, Perth WA 6000

Great opportunity!

CBD sites like this are irreplaceable investments - right in the growth centre of the City of Perth, Western Australia.

This 8-storey quality building faces directly to William Street and sits on a large landholding of 1,560 sqm. 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 which also enables further significant development opportunities.

The entire building has been substantially refurbished and upgraded to 9B certifications, and is available for sale now as a fully leased investment - providing both substantial net ongoing income AND an exciting opportunity for future redevelopment.

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 full 9B Certification
• Side Core Lift Design
• 30 Ground Level Car Bays

KEY INCOME FACTS:
• 100% leased occupancy building (as full floors) to 4 separate tenants
• Leading Global and Australian educational tenants providing strong income security
• WALE of 3.1 years (by income)
• Current net income of $1,632,873 p.a.
• Current net face rent income (excluding incentives) of $2,248,607 p.a.
• Compounded fixed rent increases annually (built into all leases)

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


THE OPPORTUNITY:

This property at 10 William Street is surrounded by landmark buildings and developments, placing it bullseye within the strategic heart of Perth, with 100% fully leased income flows.

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

Surrounded by multiple A-grade offices, entertainment facilities, major hotels, accommodation services, luxury apartments, tourism attractions and transport hubs in this new Perth epicentre. Site opportunities like this are extremely rare, if not impossible to find.

Fully leased - good yields. Invest now. Just sit back and collect the money!

Call now for further details and information.