West Perth - Boutique Office Building - Invest &/or Occupy

VPG Property and RWC WA are pleased to offer 25 Prowse Street, West Perth for sale at $4.75m (Going Concern for GST).

Asset Snapshot
• Architecturally designed 5-level commercial office building, built 2015
• NLA: 858sqm
• Car parking: 13 undercover, secure bays on Level 2
• Additional street parking along Prowse Street

Tenancy:
Level 1 - Office
242sqm. Leased.

Level 2 - Car Park
Secure undercover car park providing 13 bays in total.

Level 3 - Office
308sqm. Leased.

Level 4 - Office (Vacant)
308sqm, offered with vacant possession plus an allocation of bays from the Level 2 car park. Ideal for an incoming owner-occupier.

Level 5 - Roof Top Terrace
~308sqm, with exceptional views to the west, north and east. Further activation potential, subject to City of Perth approval.
Total NLA: 858sqm across Levels 1, 3 and 4 (office space), plus car parking and rooftop amenity.

Land & Title
Land area: 608sqm, corner allotment
3 street frontages: Prowse Street (30.14m), West Street (38.93m), Thomas Street (22.01m)
100% Freehold

Zone:
Office/Residential
Precinct 10, West Perth (TPS No.2)

Location
Positioned on the corner of Prowse, West and Thomas Streets
Direct access to Mitchell Freeway, Graham Farmer Freeway and Kwinana Freeway
Train and bus services nearby. Thomas Street records circa 57,000 vehicle movements daily which is high exposure in a tightly held West Perth precinct.

Value-Add Upside
• Signage rights fronting Thomas Street's high traffic volume, subject to City of Perth approval
• Rooftop terrace activation potential (services/residential), subject to City of Perth approval
• Acquisition priced well below replacement cost

Contact exclusive selling agents.

Brett Wilkins
RWC (WA)
brett.wilkins@raywhite.com
0478 611 168

Craig Butler
VPG Property
craig@vpgproperty.com.au
0499 985 337

*Approx

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