43-47 Burswood Road, Perth

Acquisition Price
$13.25m

Acquisition Date
2019

Building Size
4,461sqm

Vehicle
Private Capital

NABERS Ratings
Energy 5* Water N/A Waste N/A

The property comprises a freestanding office building providing approximately 4,461sqm of accommodation on a substantial 4,666sqm site. The property is currently fully leased to Programmed, a national maintenance service firm, until March 2021.

Due to the short WALE, the opportunity was presented to acquire the property at below replacement cost and enhance the tenancy profile by implementing Marprop’s ‘Beyond Grade’ leasing strategy and secure a new lease to the incumbent tenant. The 4,666sqm site is has the ability to be further developed upon.