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News release


Treasured West Perth character office brought to market

Occupy, invest or redevelop in highly sought after West Perth locale

​PERTH, 2 May 2013 – An outstanding opportunity to occupy, invest or redevelop one of the finest character offices in the West Perth business precinct has been brought to market exclusively by JLL.

Built in circa 1910, the two-level former mansion at 13-15 Ord Street, West Perth comes fully refurbished with modernised amenities and benefits from strategic positioning on the south side of sought-after Ord Street, less than two kilometres from the Perth CBD.

JLL’s Director, Sales and Investments WA Tom Nattrass said the property has great potential for an owner-occupier to create a unique space in a popular boutique location just seconds from Perth City.

Existing improvements cover a gross area of almost 550sqm with nearly 475sqm of net lettable area, and features a grand entry hall on ground level, including reception area and offices connected to a large boardroom and modern executive kitchen on the first floor by an impressive timber staircase.

“The two-storey building features 230sqm on the ground floor; and 245sqm on the first, and fully leased the property is expected to generate around $260,000 net pa.

“The property has potential to park 20 vehicles, with four secure garage spaces at the rear of the site – a real asset in the parking-poor suburb of West Perth,” said Mr Nattrass.

The ground floor is currently occupied by a long-standing tenant on an annual basis, and the first floor is occupied by the owner who can vacate or enter a leaseback arrangement subject to negotiation. 

“We are providing flexibility to purchasers by offering the potential to negotiate new leases with the current occupiers. Alternatively an owner-occupier can gain access to a vacant building within a short period.

“The building sits on 1,196sqm of land that is largely under-developed.

“Should a purchaser elect to redevelop, the site has a mixed-use plot ratio of 2:1, with bonus potential at the council’s discretion. This effectively translates into a redevelopment of at least 2,392sqm, subject to council approval,” said Mr Nattrass.

Offers to purchase must be made before Tuesday, 10 June 2014 unless sold prior.