P J WHITEHEAD & CO PTY LTD    SOUTH PERTH OFFICES - RECENT SALES and LEASING EVIDENCE 

updated 20/12/2017   (this may not be an exhaustive list)  

please read this DISCLAIMER  and  the VACANCY FACTOR 

NB. in South Perth car-bays are generally included in the net rent unless otherwise noted; outgoings and GST are generally charged in addition to base rent, although the amount of the outgoings may not be listed here

FREEHOLD SALES

month

Street

no.

price $

outgoings (if known)

office area

land area

net $psqm /land

cars

details

Jun'12

 

Lyall Street

6

1,550,000

 

100

624

15,500/net 2,484/land

 

small cottage; future development site

Jul'12

 

Lyall Street

10

1,760,000

 

173

603

10,173/net

2,919/land

 

neat modern conversion; future development site

Dec'12

 

Lyall Street/ cnr. Melville Parade

2; Lot3

4,500,000

 

n/a

1,244

3,617/land

 

corner Melville/ Lyall; twelve modest, income producing flats, sitting on a promising development site; result after auction; interesting indicator of land value; call to discuss

May'13

 

Richardson Street/ cnr. Melville Parade

Lot 209

9,900,000

 

n/a

2,298

4,309/land

 

flagship corner development site opposite future railway station, with full views of river and Kings Park; large site has additional height bonuses available; currently residential flats

Aug'13

 

32-4 Charles Street/ cnr. Labouchere Road

Lot 3

6,600,000

 

n/a

1,682

3,924/land

 

corner development site opposite zoo, good views of river and city; large site has additional height bonuses available; currently offices

Sep'13

 

4 Judd Street

Lot 4

4,000,000

 

n/a

1,105

3,620/land

 

office and apartment development site near future railway station, views of city, river and Kings Park; currently offices

Nov'13

 

30 Charles Street

Lot 2

4,148,000

 

n/a

1,037

4,000/land

 

will form part of a larger corner development site opposite zoo

Nov'13

 

98 Mill point Road Street

Lot 100

10,500,000

 

n/a

2,266

4,634/land

 

iconic location at the gateway to South Perth; development site to 12 storeys with holding income $260,000 net.

May'14

140 Canning Hwy

  1,750,000

 

350

454

3,854/land

 

commercial office, 9 carbays 

Jun'14

Mends Street 

"The Civic  Triangle" Labouchere Road 27,310,000

 

n/a

7207

3,790/land

 

signature site as the gateway to South Perth  mixed use development 

Jul'14

6-8 Charles Street 

Lot 50 3,500,00

 

399

1190

8,772/office

2,941/land

 

two level offices developed in the seventies; big development potential

Oct'14

Labouchere Road

31 u/o

 

 

2039

   

assorted older offices; land is a prominent corner

Oct'14

Richardson Street 

Lot 208 6,020,000

 

 

1505

4,000/land

 

block of flats with future development potential

Jul'15 Mill Point Road 298 2,400,000

 

 

302

7947/retail sqm   retail liquor store sold at auction leased to Liquorland  till Oct '18 +5+5
Mar'16 Comer Street Como 10 24,000,000

 

  5052 4,750/land   retail liquor store sold at auction leased to Liquorland  till Oct '18 +5+5
June'16 Angelo Street 65 4,050,000

 

320 608 6,661/land   prominent corner location NAB sold after auction
 

FREEHOLD LEASES

month

Street

no.

net rent$

outgoings (if known)

office area

land area

net $psqm

cars

details

Apr'12

Charles Street

34

60,000

e10000

155

e677

387

8

residential property to be used as a physio. clinic; re-development clause

May'12

Bowman Street

15

63,500

 

127

595

500

6

residential property/ office use

Jun'12

Charles Street

16

tba

0

172

595

 

7

well converted residential property; short term lease; re-development clause

Jul'12

Charles Street

30

120,000

0

239

1,037

502 (=389 net equiv.)

12

classic stand alone office on large site; high standard of presentation;  new lease no incentives; rent includes o/goings approx.$27,000 and twelve carbays; 2 year lease, cpi reviews

Jul'12

Lyall Street

6

42,000

e10000

138

625

304

 

modest presentable property rebuilt 1985

Nov'12

Lyall Street

10

57,000

e11000

171

603

333

7

good functional office building; 3 years, no incentives

Jan'13

Charles Street

27

65,000

12225

193

595

337

6

free-standing office building, six under-cover bays; 3 years plus option, no incentives

Jul'13

Lyall Street

11

60,000

e11000

165

595

364

7

converted residential style office; renewal after 2 years

Nov'13

Lyall Street

12

50,000

13917

190

595

263

7

short term lease; converted residential style office

 

Charles Street

23

60,000

e12,000

220

595

273

4

old converted office

March'15

Charles Street

29

60,000

0 202 595

243 equivalent

7 inclusive sub-lease for a very limited term

Apr'16

Charles Street

27

55,000

19072

193

595

285

6

free-standing office building, six under-cover bays; rent renewal

May'17

Hardy Street 14 32175 e21000

165

595 195 8

converted residential style office; new 3+2 lease; annual cpi reviews and market on renewal; 3 month rent free period; carbays included

Jul'17

 

Lyall Street

11

40,000

e21000

165

595

242

7

converted residential style office; two year lease, no option, no incentives, no reviews carbays included in the rent

                   
                   

 

STRATA SALES

month

Street

no.

price $

outgoings (if known)

office area

land area

net $psqm

cars

details

Sep'12

Mill Point Road

3,7,8,9,13/ 77-83Mill Point Rd

3,000,000

 

685

 

4,380

27

5 strata suites 31-275 sqm each; may become freehold/ freestanding building

Mar'13

Richardson Street

6/23

510,000

 

65

 

7,846

3

attractive building, first floor, city views, small office for professional 

Jan'14

Monash Avenue

47

330,000

 

43

 

7,674

?

 

Ju1'14

Labouchere Road

5/57

680,000

 

110

 

6,182

5

first floor, extra large balcony areas (not incl. in strata area); well partitioned  

Jul'14

Labouchere Road

13/57

670,000

 

94

 

7,128

4

top floor, views, small office with exclusive toilet facilities

Jul'14

Bowman Street

G.3/9

700,000

 

102

 

6,863

4

ground floor, vacant possession, quality building

Sep'14

Labouchere Road

14/57

827,400

 

110

 

7,519

8

top floor, good views, small office with exclusive toilet facilities and extra carbays

May'15

Mill Point Road /74 1,200,000

 

267

 

4,494

 

older style office suite

Aug'17

Hardy Street 6/2 550,000

 

101

 

5,446 5 corner office suite partitioned

Aug'17

Richardson Street 3/11 615,000

 

93

 

6,613 4 ground floor overlooking Richardson Park; brick built partitions, internal kitchen
                   
                   

 

STRATA (or unit/part building) LEASES

month

Street

no.

net rent$

outgoings (if known)

office area

land area

net $psqm

cars

details

Apr'12 Judd Street 4 25,000 0

107

 

234 4 friendly deal; outgoings 40% x  electricity only
Sep'12 Richardson St  1/11

24,400

9863

61

 

400

5 new lease, smart attractive pt'd gr. fl. suite; 5 carbays incl.2 u/c carbays @ $100 per month ea.; no incentives; no GST
Sep'12 Richardson St  pt3/11

30,000

0  

 

  3 two office rooms and free access to common areas; 3 carbays; inclusive rent + 50% electricity
Dec'12 Melville Parade  pt level 1, 56

36,000

0 70

 

514 3 two large offices, two smaller rooms; river views across the freeway; 3 carbays; quality partitions; inclusive rent
Dec'12

 

Labouchere Road

 

11/57

 

45,000

 

11761

 

121

 

 

372

 

7

 

top floor views across Richardson Park and Zoo; very large open area, office, private kitchen, 2x w.c.s, balcony; twelve months + opt. 12
May'13

 

Charles Street

 

G/5

 

44,000

 

e

 

140

 

 

314

 

 

 

ground  floor tenancy; market review 24 months; smart, functional accountant's office

 

May'13

 

Richardson Street

 

 

5/11

 

43,650

 

e

 

114

 

 

382

 

5

 

view across Richardson Park; partitioned; includes large training room; market review

 

Sep'13

 

Richardson Street

 

4/23

 

31,800

 

e

 

83

 

 

383

 

5

 

first fl. overlooking Richardson Park; attractively pt'd accountant's office; market review on renewal 5 years
Sep'13

 

Richardson Street

 

2/11

 

44,375

 

e

 

125

 

 

355

 

5

 

ground floor; very large open area, 4 professional offices, store-room; market review for 2 years

 

Sep'13

 

Labouchere Road

 

5/57

 

42,600

 

e

 

110

 

 

387

 

5

 

neatly presented ; first fl. view across park; very large terrace balconies, private kitchen, 2x w.c.s, market review
Feb'14 Richardson St  2/23

36,000

11224

75

 

480

3 new lease, smart attractive pt'd gr. fl. suite on the park; 3 carbays @ $100 per month ea.; no incentives
Mar'14 Labouchere Road  11/57

57,000

0

121

 

370

7 new four year lease, smart suite on the park; inclusive rent and 7 carbays free; estimated $370 psqm net equivalent
Apr'14 Mary Street

Como

 1/10

20,800

6906

65

 

320

3 small, presentable office building
Jan'15

 

Richardson Street

 

 

4/11

 

30,300

 

e

 

77

 

 

390

 

5

 

attractively placed small office; view across Richardson Park; minimal partitioning; market review
Mar'15

 

Richardson Street

 

 

6/11

 

35,490

 

e

 

91

 

 

390

 

5

 

attractively placed small office; view across Richardson Park; no partitions; market review
May'15

 

Mill Point Road

 

 

3/77

 

tba

 

41208

 

275

 

 

tba

 

9 a large ground floor self contained suite of offices; partitions
October'15

 

Richardson Street

 

 

7/23

 

  e

 

162

 

375 7 second floor, views, car-parking monthly rental in addition
November'15

 

Mill Point Road

 

 

11/83

 

 

 

360 per month

 

 

 

 

 4 four under-cover carbays; monthly tenancy $90 each
November'15

 

Mill Point Road

 

 

11/83

 

18,000

 

11,000

 

80

 

225

4 new lease, renovated office suite, incl.parking, no partitioning
December'15

 

 Bowman Street

 

 

3.5/9

 

50,400

 

15,445

 

127

 

397

4 market review, partitioned office; owner to re-carpet
Sep.'16

 

Richardson Street  

2/11

 

37,500 19,032

 

125

 

300

5 market review on renewal, incl. carbays,partitioned office
Dec.'16

 

Richardson Street  

2/23

 

30,000 12,785

 

75

 

400

4 new lease impressive existing fit-out, park view; ground floor office
 
Mar.'17

 

Richardson Street  

5/11

 

25,000 18,500 114

 

220 5 new lease partitions and furniture, park view; first floor office no lift
 
Jun.'17

 

Mary Street  

1/10

 

18,000 0 65

 

277 5 new inclusive lease partitions, first floor office no lift
 
Aug'17

 

Richardson Street  

4/11

 

15,500 12,774 77

 

201 5 new lease partitions, park view; first floor office no lift
 
Nov'17

 

Bowman Street  

3.5/9

 

32,000 15,952 126

 

254 4 new lease partitions, river views; third floor office
 
Nov'17

 

Mill Point Road  

6/83

 

22,200 14,506 111

 

200 5 renewal of lease; no incentives; smart partitioned first floor office
 
Nov'17

 

Bowman Street  

3.6/9

 

15,540 est.13,040 103

 

150 4 carbys $85 per month each new lease partitions, river views; third floor office; incl.parking equates to 190.50 psqm.