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News release

Perth

Refurbished Adelaide Terrace building provides city address without the CBD crowding

Two-level, 835sqm offices maximise space, upgraded facilities and amenity


​PERTH, 29 January 2014 – The imminent completion of a significant refurbishment program combined with the prospect of naming rights is expected to focus the attention of professional firms looking for a city address and parking in Perth CBD, but without the usual CBD congestion.

Leasing agents Jones Lang LaSalle and Knight Frank say that the two-level 865sqm building at the western end of Adelaide Terrace is a rare opportunity for a company to secure their own stand-alone building.

Located about 100 metres from the corner of Adelaide Terrace and Victoria Avenue, the 250 Adelaide Terrace property comprises a 390sqm ground floor and a 475sqm upper level along with 12 carbays accessed via a laneway from Adelaide Terrace.

With only weeks remaining in the refurbishment program, Jones Lang LaSalle Director of Leasing WA, Warren Wright said the open plan design would suit firms looking to maximise space utilisation and efficiency while also allowing for future business growth and expansion.

“Following a major upgrade of the building’s air conditioning system 18 months ago, the owner has installed a new lift, T5 lighting ceilings, as well as wet areas, carpets, window treatments and a new roof,” said Mr Wright.

The building is being offered with naming rights to a sole tenant although the owners will consider offers for individual floors.

Knight Frank National Director, Greg McAlpine said the proximity of Adelaide Terrace west to the CBD, combined with the on-going redevelopment and repositioning of East Perth, had dynamically altered the precinct’s amenity and appeal.

“Not only is the building just 100m from Victoria Avenue and a quick CAT bus ride to the CBD‘s core, but there is also a noticeable sense of open space as well as connectivity to the river,” said Mr McAlpine.

“East Perth has been undergoing a subtle renaissance over the last decade. Its blend of commercial offices, five star hotels and high grade inner city residential is creating a more sophisticated and vibrant atmosphere which we would expect to appeal to a range of professional firms and their employees.”