10 William Street Perth WA 6000

Knight Frank is pleased to present for sale 10 William Street, Perth. This functional 6-storey office building boasts a net lettable area of 4,248 sqm* and secure open parking for 30 cars. Positioned on a huge 1,560 sqm* underdeveloped site, the property benefits from high street exposure and dual access from both William Street and Howards Lane to the rear.

Situated on one of the last remaining development sites in the core of the Perth CBD, 10 William Street offers significant development potential. With the City of Perth currently reviewing its new City Planning Scheme No. 3, the property's plot ratio is expected to increase from 6:1 to 11:1 plus bonuses (STCA). This creates a valuable opportunity for investors and developers to capitalise on the impending value uplift.

The building features a robust lease profile, with 100% of tenants being educational institutions that occupy over 75% of the lettable area. This provides strong lease covenants for purchasers seeking medium-term income.

Investment Highlights

- NLA of 4,248 sqm* with 30 secure open car bays
- Underdeveloped site area of 1,560 sqm* with huge development potential
- Expected plot ratio increase from 6:1 to 11:1 plus bonuses (STCA)
- Strong lease covenants with 75% of the building leased to educational institutions
- Classroom 9B Classification over majority of floors
- Prominent gateway site on the edge of the Elizabeth Quay Precinct
- Minimal base building CAPEX in the short-to-medium term

For sale by 'Expressions of Interest' closing Wednesday 28th August 2024 by 3pm (AWST). For further information, please contact the exclusive selling agents.

*Approx.