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251 Adelaide Terrace, Perth
GDI Property Group has, over an 18 month period, completed a major refurbishment of this recently strata titled, well located, multi-occupied office building.
The property now offers a highly attractive home for many of Perth’s small to midsized companies. The refurbishment includes new lift cars and lift controls, a new chiller, a new ground floor lift lobby, and a fully renovated ground floor entry. Each office floor has received brand new bathroom facilities, new ceilings, new T5 lighting, new sprinklers and new lift lobbies.
The building has some of the most outstanding views of the Swan River to the west, and the outskirts of Perth to the east. It also benefits from ample security car parking provided at the rear of the building.
GDI has instigated its aggressive company policy of seeking energy efficiencies from the refurbishment of 251 Adelaide Terrace by including power saving LED lighting, automatic sensor lighting in common areas, installing energy efficient chillers and utilising specialist hydrocarbons to gas the chiller.
The property is located on the southern side of Adelaide Terrace, east of the intersection of Victoria Avenue, one kilometre east of the Perth GPO. Adelaide Terrace is an extension of the prime precinct of St George's Terrace.
251 Adelaide Terrace is an 18 story office building comprising of basement parking, a single ground floor retail tenancy and 16 upper office floors. The building has been strata titled into 118 strata title office lots. The total lettable area is 10,038sqm with 125 car spaces provided in the basement and rear deck at street level.
The building has multiple strata title suites on each level with the standard floor providing 500sqm. Suites currently for sale are from 50sqm in total of floor space. There are currently 31 tenancies with major tenants including Connell Wagner, CRD Minproc, Runnge Ltd, GHD and Westscheme.
The Perth CBD office market comprises approximately 1.30 million sqm and according to recently released (August 2008) PCA (Property Council of Australia) statistics, recent positive take up activity in Perth CBD suggests a pending shortage of office space in 2012 – 2013 as the current round of office construction completes and is fully occupied. Perth could once again return to a low vacancy market at that point underpinning Perth status as the strongest office market in Australia.
Marketing Information
Phase 1 - Sold Out
Phase 2 - Sold Out
Phase 3 - Currently for Sale
Other Information
Strata Plan
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