240 St. Georges Terrace is a modern Premium office tower located in the prestigious western-end of the Perth CBD at the intersection of St. Georges Terrace and Milligan Street.

The 24 level office tower is highly specified and provides large, efficient floor plates ranging from 2,360 square metres in the low rise to 1,656 square metres in the high rise. The low-sill windows maximise natural light and feature views over Kings Park, the Swan River and the Indian Ocean to Rottnest Island.

There are a number of convenient tenant amenities including shops and a bar on the ground floor, a garden plaza and function area, a 120-seat auditorium and conference facility, a fully equipped 24/7 gym and end-of-trip facilities.

The property is well connected to public transport with Elizabeth Quay Railway Station and Perth Railway and Underground stations nearby; while motorists entering via the city’s major motorways have access to a basement car park with 247 spaces.

  • NABERS Energy
    5 Star Energy Rating
  • NABERS Water
    4.5 Star Water Rating

Property Details

Building type
Premium Grade - office
Title
Freehold
Site area (hectares)
0.6
Lettable area ('000sqm)
46.9
Typical floor area (sqm)
2,000
Number of buildings
1
Car parking spaces
247
NABERS Energy rating (with Green Power)
5.0
NABERS Energy rating (without Green Power)
5.0
NABERS Water rating
3.0
Year built
2003
Major tenant
Wood Group PSN Australia
Owner
DXS
Ownership (%)
100

Property Statistics

Metro area
Perth CBD
Zoning
Central City Area
Acquisition date
January 2001
Book value at ownership ($m)
334.0
Independent valuation date
December 2018
Independent valuation at ownership ($m)
334.0
Market cap rate (%)
6.75
Leased by area (%)
64
Weighted lease term by income (years)
5.2