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CENTRAL BUSINESS PARK OFFERS UNIQUE INVESTMENT OPPORTUNITY

As published in The West Australian, Wednesday, 2nd August 2017

The immaculately appointed, two-level, 1,418 sqm Webb & Brown-Neaves headquarters located at 129 Hasler Road, Osborne Park is up for sale, and open to offers.

According to Axia Corporate Property’s selling agent and investment sales director, Wayne Mitsikas, opportunities like this are a rarity in today’s compromised market.
“Located on one of the most prized thoroughfares in the Herdsman precinct, this high-quality, two-level office building ticks all the boxes for the most discerning property investor seeking a secure income stream and solid lease covenant in a pre-eminent suburban office community,” says Mr Mitsikas.

Constructed by PACT Construction around 10 years ago, the property, which is entirely leased by the luxury homes builder Webb & Brown-Neaves (a subsidiary of the ABN Group*) for the next four years, is located within the Herdsman Business Park precinct, sharing its address with high-profile names like Georgiou, Cannon, West Australian Newspapers, Ricoh and BGC, just 6kms from the Perth CBD.

Positioned on a land area of 2,177 sqm, the north-facing building, with excellent natural light, is 4-star NABERS rated, contains a generous parking allocation of around 59 vehicles.
“This unique property provides a unique blend of the most sought-after commercial design elements in a functional floor-plate layout, as well as excellent access to main transportation links,” says Mr Mitsikas.

Constructed of concrete footings and floors with the combination of extensive glazing and masonry elevations which, combined with the building’s set back, allows for excellent natural light infiltration.

Serviced by reverse-cycle air-conditioning at each level, the internal finishes include carpeted floors, painted gyprock portioned walls, suspended panel ceilings and recessed fluorescent lighting.

Mr Mitsikas says the property presents a guaranteed rental income stream complimented by programmed rental growth.

A proposed planning amendment is set to deliver the ability to a build 14 storey, mixed use development at the site.

129 Hasler Road is for sale by offers-to-purchase before 4pm Thursday 7 September 2017.
*The ABN Group is Australia’s leading combined construction, property and finance company, led by third-generation homes-builder, Dale Alcock.