A-grade office building in prime West Perth location goes to market

An A-grade West Perth office building that has been future-proofed by large floor plates and a generous parking ratio has been listed for sale through Colliers International.

The building at 56 Ord Street has a net lettable area of 3,508sqm across four levels of retail and office space and a secure basement and ground floor parking area containing 72 car bays. The property also has a residential apartment on its fourth floor.

The partially-leased building will be sold by Colliers International’s Wayne Lawrence and Tory Packer who said the 1,040sqm floor plates would hold strong appeal for buyers seeking a building with spacious layout options in a prime West Perth location.

“Constructed on a 1,827sqm site, this building meets strong demand for floor plates that are large enough to offer the convenience of a single-floor office while also being an appropriate size for multi-floor occupants,” Ms Packer said.

“There are views to Subiaco from the third floor and the right of way access to its parking area can be accessed from Ventnor Avenue and Ord and Richardson streets.”

Mr Lawrence said foreign and local investor interest in Perth investment-grade assets remained strong and the sale was an opportunity to purchase a modern building with good leasing prospects, just 1.5km from Perth’s CBD.

“Built in 2008, the 2.5 star NABERS rated building has a 34-metre frontage to Ord Street and a glass facade that allows natural light into the office floors,” he said.

“West Perth remains a popular office market for WA’s mining companies and has also been the long-standing home to businesses that want the convenience of easy access and parking while still being close to the city-centre.”

The building is close to Kings Park and nearby cafes and is serviced by two free buses—the Red CAT which loops between West Perth and East Perth and the Green CAT which runs between Leederville station and Elizabeth Quay.

It will be sold by Offers to Purchase which close on October 24.


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Wayne Lawrence

Head of Investment Services

Perth

My commercial property experience spans almost 25 years and has been based on a solid foundation of 17 years in the valuation industry. My transaction experience varies from short stay accomodation to CBD offices. In the past 3 years I held a General Manager role at a private property company where I oversaw the acquisition and development of substantial commercial, retail and industrial projects and my experience on both the agency and client side of transactions has been immensely advantageous for my current role.

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Tory Packer

Director

Perth

Tory has been in the commercial property business with Colliers International (WA) for over ten years. Throughout this time she has assisted in the management and sale of properties for high profile clients and government departments.

Tory has completed a Bachelor of Laws and Bachelor of Commerce degree majoring in Corporate Finance at the University of Western Australia. She is a licensed Real Estate Agent and a member of the Real Estate Institute of WA.

Tory has been an appointed agent on successful sales and marketing campaigns for the disposal of mixed-use and commercial assets. Investment services transactions negotiated recently by Tory include a number of tenanted investments, heritage refurbishment opportunities, existing buildings and residential, commercial and mixed-use development sites.

Tory has also undertaken frequent acquisition work on behalf of purchasers seeking to secure offmarket assets, and has developed comprehensive negotiation skills.

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