RWC WA are delighted to offer to the market, 256 St Georges Terrace Perth, for sale via International Expressions of Interest Invited closing Wednesday 29th of April 2026.
Against the backdrop of current global uncertainty, 256 St Georges Terrace represents a safe, long term investment in this resource-rich region.
Located at the Western gateway to 'the Terrace' 256 St Georges Terrace represents a compelling opportunity to acquire on of Perth's best located office towers in the heart of the mining and resource industry precinct.
Standing on a commanding 5,480sqm site at the 'top of the Terrace' with dual street frontages, the 23,050sqm property comprises 2 integrated towers around a central core plus basement parking under both. To Hay Street, a 3-level parking station, with two street front shops.
The entire office accommodation is leased to an Australian top 10 ASX listed company (by market cap) global metals mining group Fortescue (FMG). As part of FMG's occupation, key building plant, and equipment was replaced and/or upgraded to exceptional standard in addition to a very high fitout specification. The property has had in the order of $80 million of core expenditure works performed since 2024. As such '256' represents one of Perth's most 'state of the art', high specification office towers boasting outstanding tenant amenities.
Exceptional Tenant Covenant
• Office accommodation is fully leased with an attractive WALE by income of 5.5 years (approx.).
• Located in the prime western precinct of Perth CBD, includes Woodside, Worley, Clayton Utz, BDO, and KPMG.
• Expansive circa 3,000 sqm floorplates for levels 1-6 with a central core configuration offering tremendous flexibility, natural light, and panoramic views.
• Lessor and tenant have invested heavily in the building to the tune of around $80 million.
Coveted Location
• Convenient to Perth's distributor freeway network, CBD fringe, and rail transport infrastructure.
• The location is well serviced by premium offices, tower amenities including exemplary food and beverage options.
Future Proofed Asset
• Circa $80 million of capital investment in the asset prior to Fortescue's lease commencement including new EOT facilities and tenant amenities have added to the asset's ESG credentials and ensure the ongoing appeal to current and future tenants.
• Embedded best practice for sustainability has resulted in a plethora of market- leading credentials including 5.0 star NABERS and 4.5 star water.
• Current net face office rent at $570/sqm and outgoings of $148/sqm considered at sustainable levels for an A+ Grade St Georges Terrace office building. Fixed 3.5% rental increases underpin cash flow integrity.
For more information or to arrange an inspection please contact:
Andrew Woodley-Page
0438 939 869
RWC WA
[email protected]
Brett Wilkins
0478 611 168
RWC WA
[email protected]
Remember to mention you found this property on CommercialReady
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