This article is from the Australian Property Journal archive
A BURSWOOD office building site overlooking the Swan River is up for grabs with redevelopment potential of up to 18 levels, offering developers a chance to introduce a new landmark to Perth’s inner suburbs.
Currently comprising a campus-style office complex, the 53-63 Burswood Road property in inner Perth is on a sizable 11,249 sqm landholding that allows for a commercial development with floor plates of more than 7,000 sqm, which could be utilised for apartments, hotel, retail or office space, aged care or childcare.
Tenants in the existing building include Laing O’Rourke, Liberty Executive Offices, Snap Printing, Acciona Geotech Holdings, Rent.com and NGIS Australia.
CBRE’s Ben Younger, Aaron Desange and Kate Foley, with Altegra Property Group’s Lachlan Ottley, are marketing the property via expressions of interest closing Thursday, July 19.
“The Burswood peninsula precinct is positioned to become a vibrant and bustling residential precinct in the years ahead, boasting key attractions such as proximity to the CBD, transport links, the Swan River, Crown Perth and the thriving Victoria Park eating strip,” Younger said.
“With an expected population growth of 430% by 2036, Burswood is one of Perth’s fastest growing residential hubs.
“This property has the potential to play a big part in the growth story of Burswood, providing accommodation and commercial business for the area’s expected 17,000 population,” he added.
Current zoning guidelines allow for a staged development, which would enable the owner to continue utilising current income from the existing buildings.
Altegra’s Ottley said the property’s position nearby key tourism attractions would underpin interest in the asset.
“This property is situated in the heart of one of Perth’s most visited precincts, surrounded by Crown Perth, KU DE TA and the new Perth Stadium – making it well positioned to take advantage of the growing profile of these attractions as well as the overall growth of Burswood.”
Australian Property Journal
