1 Regal Place East Perth WA 6004

Colliers International is pleased to offer for sale 1 Regal Place, East Perth (corner Plain Street). A rare and superb opportunity to purchase a significant freehold and freestanding office building in a highly sought after city fringe location.

THE OPPORTUNITY
North facing city fringe A grade office accommodation in a sought after location offering easy access for staff and clients. A fantastic corporate headquarters or the opportunity to redevelop the site or further develop the building**.

THE IMPROVEMENTS
This spacious (the perfect Covid 19 work environment), functional and versatile two level office features a high level of amenity including:

- Large reception/client waiting area
- 15 large individual offices + 2 open plan office area
- Male/female amenities on both levels and end of trip facilities
- Boardroom
- Dedicated staff room/kitchen area
- Archive storage areas
- A unique first level balcony
- Reverse cycle air conditioning
- Security system

THE LOCATION
The property is situated in the heart of East Perth on the prominent corner position of Regal Place and Plain Street offering outstanding street exposure. It has access to ample parking at the door and CAT bus stops nearby.
The property is within close proximity to the Perth CBD, Royal Street cafe/retail strip, Claisebrook Cove, Graham Farmer Freeway, railway, the new Optus Stadium.

LAND DETAILS
Land area - 311sqm
Frontage to Regal Street - 25.19m
Frontage to Plain Street - 5.43m

PLANNING GUIDELINES
Height Limit - up to 6 storeys
Plot Ratio - Maximum 2.5:1

ZONING
The City of Perth advises that the property is zoned Commercial.

The property benefits from flexible zoning potential into the future, with Retail, Remanent Residential, and Transient
Residential all additional permitted uses under the Royal Street Central Precinct land use table. This provides a purchaser
with future options to fulfill the 6 storey height limit applicable to the property.

POSSESSION
The property is offered with an existing lease expiring 31 July 2021, Please refer to Selling Agent for further details.

ASKING PRICE
$1,850,000.00

For more information please contact the exclusive selling agents.

**Subject to Council Approval