10 William Street,
Perth, WA 6000
Offices • Development Sites & Land
Price information
Sold
$21,000,000 - $22,000,000
Key property information
Land area
Floor area
Car spaces
Parking info
Property extent
Zoning
Tenure type
NABERS
Sold on
Knight Frank - Perth
Level 37, 2 The EsplanadePERTH, WA 6000
10 William Street
Perth, WA 6000
Map of 10 William Street
SOLD - 10 out of 10 Core CBD Location
- Value Add Potential
- Minimal Base Building Capex
- Huge Underutilised Land Holding
Knight Frank are pleased to present for sale 10 William Street, Perth. A functional 6-storey office building offering a net lettable area of 4,248 sqm* with 30 secure open car bays at the rear. Positioned on 1,561 sqm of prime underdeveloped CBD land, the building enjoys high street exposure and dual access from both William Street and Howards Lane to the rear.
The building has undergone significant base building upgrades amounting to over $2.5m, enhancing efficiency and transforming it into a modern building, future proofing the asset with prospective buyers benefitting from minimal capital expenditure outlay in the short-medium term.
With 24% of the building currently vacant and the potential for up to 74% vacancy by the end of 2023, the property offers a prime opportunity for an incoming owner to embark on a successful refurbishment and leasing campaign or owner occupation.
Through strategic refurbishment and leasing efforts, the property can achieve true value-add returns, enhancing market appeal, total returns and increasing book value.
Investment Highlights
• Core CBD location
• Net lettable area of 4,248 sqm* with 30 secure open car bays
• Potential fully leased income $2,042,164 pa*
• Attractive balance between holding income and repositioning potential.
• 4-Star NABERS Energy Rating
• Classroom 9B Certification on majority of floors
• Underdeveloped site area of 1,561 sqm with huge development potential
• Minimal base building capital expenditure in the short-to-medium term
For sale by ‘Expressions of Interest’. For further information, please contact the exclusive selling agents:
Tony Delich
0418 926 4...
Tony.delich@au.knightfrank.com
Zach Schreier
0452 071 0...
Zach.schreier@au.knightfrank.com
*Approx
The building has undergone significant base building upgrades amounting to over $2.5m, enhancing efficiency and transforming it into a modern building, future proofing the asset with prospective buyers benefitting from minimal capital expenditure outlay in the short-medium term.
With 24% of the building currently vacant and the potential for up to 74% vacancy by the end of 2023, the property offers a prime opportunity for an incoming owner to embark on a successful refurbishment and leasing campaign or owner occupation.
Through strategic refurbishment and leasing efforts, the property can achieve true value-add returns, enhancing market appeal, total returns and increasing book value.
Investment Highlights
• Core CBD location
• Net lettable area of 4,248 sqm* with 30 secure open car bays
• Potential fully leased income $2,042,164 pa*
• Attractive balance between holding income and repositioning potential.
• 4-Star NABERS Energy Rating
• Classroom 9B Certification on majority of floors
• Underdeveloped site area of 1,561 sqm with huge development potential
• Minimal base building capital expenditure in the short-to-medium term
For sale by ‘Expressions of Interest’. For further information, please contact the exclusive selling agents:
Tony Delich
0418 926 4...
Tony.delich@au.knightfrank.com
Zach Schreier
0452 071 0...
Zach.schreier@au.knightfrank.com
*Approx
Property ID: 504377540Last Updated: 22 Apr 2024
Knight Frank - PerthLevel 37, 2 The Esplanade
PERTH, WA 6000
PERTH, WA 6000
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