NEWS

MRA marks completion of William Street restoration with sale of Perth buildings

Colliers International offers 5 historic buildings at 260-282 William Street separately or in one line.

Perth, November, 15, 2017 – For sale signs have gone up at five William Street buildings in the Perth Cultural Centre Precinct which have been restored by the Metropolitan Redevelopment Authority and are now leased and ready to re-join Perth’s private property market.

The campaign for the consecutive buildings on the eastern side of William Street will be steered by Colliers International’s Nicholas Agapitos who said the heritage-listed buildings would be offered separately or in one line.

The buildings are on the eastern side of William Street, which falls within the Perth boundary, and overlook the Northbridge entertainment precinct on the other side of William Street.

“This is a rare opportunity for investors to purchase either individual buildings or all five buildings occupying a 47 metre frontage to William Street,” Mr Agapitos said.

“The leased buildings occupy a total land area of 1133sqm and a net lettable area of 1172sqm and are just a short walk from the CBD and the soon-to-be open Yagan Square.”

Constructed between the 1890s gold rush and 1925, the buildings were vested to the MRA in 2007 and were among 16 run-down William Street properties restored during the State Government’s $6 million revitalisation of William Street. 

Perth

“A curated leasing program at the end of the restoration transformed these buildings into an eclectic dining and shopping destination and revitalised a neglected part of the city,” Mr Agapitos said.

The buildings for sale are all two-storey and start at 260-264 William Street and the last building is 278-282 William Street, on the corner of William and Aberdeen streets.  

Mr Agapitos said the design of the buildings makes them suitable for a range of uses including cafes, creative uses, office, retail, art studio and personal services.

“With Northbridge across the road, and the State Library, North Metropolitan TAFE and the State Theatre nearby, this bustling stretch of William Street will appeal to buyers looking for leased investments.”

The William Street buildings, 260-264, 266-268, 270-272, 274-276 and 278-282 will be sold by offers to purchase.

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