The property comprises a ten-storey office building with two basement levels, constructed in 1972 as the headquarters of the Reserve Bank of Australia. It was extensively refurbished in 1995, and has had subsequent upgrades to lobbies and infrastructure. The building generally provides good standard B-grade office accommodation. It comprises substantial basement secure
SALES ANALYSIS
7 Ashby Close is an industrial property situated on the corner of Ashby Close and Berkshire Road in the suburb of Forrestfield. The property is leased to ASCO Transport & Logistics, part of the ASCO Group, who provide support to the oil and gas industry. Property Valuation & Advisory (WA) is pleased to share with you the details of its analysis of the sale of this property in April 2018.
13 Modal Crescent is located within the core industrial estate of Canning Vale, approximately 16 kilometres south east of the Perth CBD. The estate was originally underpinned by the development of the Swan Brewery, but has since attracted significant development by local, national and international companies. The estate has become a destination for distribution centres
The site of 1.5215 hectares is improved with an office and warehouse building, constructed in 1990 and refurbished in 2013. The property has a total GLA of 8,595 square metres; office and amenities of 829 square metres, a warehouse of 5,651 square metres, a production area of 644 square metres and canopies of 1,471 square metres. It is of modern and market relevant presentation.
The property is situated near the corner of Clayton and Lloyd Streets in Midland, approximately 16 kilometres
east of Perth with exposure to around 23,000 vehicles per day. The surrounding area is undergoing significant
infrastructure development including the St John of God hospital and Curtin University campus plus numerous
housing projects. The area is a major large format retail precinct, incorporating approximamtely 40,000 square
metres of large format retail development within 400 metres, including Harvey Norman, Good Guys, Freedom
Furniture & JB Hi-Fi.
The subject property is located in an established large format retail precinct known as “The Quadrangle” in the Edgewater/Joondalup area some 25 kilometres north of Perth and approximately 500 metres south of Hodges Drive. This area is the 4th largest large format retail precinct in Australia.
The building is a 4 storey modern A-grade office building which was extensively refurbished in 2001, with further refurbishments in 2011. The ground floor consists of a foyer, cafe, gym and end-of-trip facilities as well as office accommodation. The three upper floors consist of office accommodation. There is also an adjoining two level warehouse of approximately 1,563 square metres. The property has a total net lettable area of 11,042 square metres.
Workzone East, an office building on the fringes of the Perth CBD, was recently acquired by Corval from Charter Hall. Property Valuation & Advisory (WA) are pleased to share with you their analysis of this property transaction. We hope you find the information of interest. For further information contact Gavin Chapman on (08) 6500 3600.
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