140 Hay Street, Subiaco
AU - Subiaco, APAC
9,924 sf
Asset description
JLL is pleased to present for sale the 100% freehold interest in Eastpoint Plaza, 233 Adelaide Terrace, Perth.
Perth has consistently outperformed the nation in the ‘return to office’ since the beginning of COVID-19, recording the strongest net absorption across all Australian office markets in 2023.
Positioned as one of the highest quality buildings in Perth CBD’s inner east-end, this commanding 11-storey office tower has been extensively refurbished and gained exceptional leasing momentum over the past 24 months.
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Attributes
Number of floors
11 floors
Building area net
121,417 sf
Parking spaces
95
Land area gross
24,832 sf
Green rating
NABERS - 3.5 Star
Media
Investment highlights
- Landmark 11-storey CBD office tower with 11,280sqm* NLA and 95 car bays
- Extensively refurbished with modern lobby, bathrooms and end-of-trip
- Strong tenant support with 33%* of NLA leased or renewed since 2022
- Completed spec fit-out delivering immediate lettability
- Built-in rental growth via annual fixed reviews
- Attractive carparking ratio & rare forecourt visitor parking
- Large floorplates with exceptional Swan River views
- Significant occupancy cost advantage
- 3.5-star NABERS Energy rating and 5.5-star NABERS Water rating
- Fully leased net income $5.27m p.a.*
- Expected attractive return delivering significant margin to borrowing
*Approximate
Contact brokers
Eastpoint Plaza (0 Properties)
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Last updated
Mar 18, 2024
