The former home of the Australian Federal Police in West Perth has been listed for sale.
Having been occupied by the AFP for more than two decades, 619 Murray Street features 4,056sqm of office accommodation across three levels, with large and flexible 1,350sqm floorplates and secure basement car parking licenced for 61 vehicles.
CBRE’s Nicholas Volk, Derek Barlow and Aaron Desange have been appointed to divest the office building via an Expressions of Interest campaign, with offers invited before August 25.
Located on a key West Perth thoroughfare and adjoining the western core of the Perth CBD, the property offers easy access to the Kwinana and Mitchell Freeways and the city’s bus network.
“619 Murray Street offers a compelling repositioning opportunity, with the potential to produce true value-add returns, which has only recently been unlocked, having been occupied by the Australian Federal Police since 1998,” Mr Volk said.
“The timely completion of the $1.35 million early refurbishment program provides the opportunity to re-lease the asset into an improving leasing market, with West Perth having experienced net absorption of 15,500sqm in 2021, a 10-year high.”
Mr Barlow added: “The sizeable 2,686sqm site is underutilised under the current planning scheme, with further plot ratio available for future development opportunities allowing almost a doubling of the existing floor area of 4,056sqm.
“The asset offers a rare product in the marketplace in the form of its large 1,350sqm floorplates, which can capture larger tenant briefs or split efficiently into multiple tenancies, alongside the scope of securing a whole building occupant.”
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