GARDEN OFFICE PARK THE GARDEN OFFICE PARK INFORMATION MEMORANDUM

Transcription

1 GARDEN OFFICE PARK THE GARDEN OFFICE PARK INFORMATION MEMORANDUM

2 contents executive summary... 2 location and exposure... 3 site summary... 4 enhancements and upgrades... 6 sustainability initiatives... 7 convenience matters... 8 current opportunities... 9 agent contact details... 10

3 executive summary The Garden Office Park is Perth s only genuine office park Set on 2.1 hectares of land, Garden Office Park offers an unprecedented array of tenant facilities including pool, tennis court, café and gym. It offers amenity, affordability and an attractive location for corporate tenants and their staff. The grounds are extensively landscaped with picturesque gardens surrounding a relaxing watercourse, fountain and pond. The public space ambiance and calibre of the international and nationally based tenancy profile is second to none. This outstanding development currently comprises five separate buildings providing some 17,000 square metres of A grade office accommodation. The latest construction finalised in 2010, Building E, has been designed to the highest specification and incorporates the latest in energy saving design principles, security and tenant services. Superior quality finishes are presented throughout the common areas. Tenants have a clear advantage over many of their competitors as they enjoy a gross occupancy cost that is far more economical than comparable properties in West Perth, Subiaco and the CBD, given the volume of amenity and cheaper car parking rates at The Garden Office Park. Building Summary Building Levels Total Size A 2 2,021.0sq m B 2 2,317.5sq m C 5 5,893.2sq m D 4 4,855.0sq m E 2 1,763.5sq m 2

4 location and exposure The Garden Office Park occupies a pivotal position within the Herdsman Business Precinct Garden Office Park has three street frontages to Scarborough Beach Road, Harborne Street and Walters Drive. The Garden Office Park is located in the highly sought after Herdsman Business Precinct, close to the Mitchell Freeway affording convenient access both north and south of the river. The Mitchell Freeway on ramps linking with the Graham Farmer and Kwinana Freeway are easily accessible and the Park is a hassle free 6.5 kilometres to West Perth, Subiaco and the Perth CBD. Located an easy walking distance of 400 metres from the Glendalough Train Station, the Park is also serviced regularly by a high frequency shuttle bus, and is on the main bus transport route via Scarborough Beach Road and Harborne Street from the northern, western and eastern suburbs. The Herdsman Business Precinct is known as one of the primary suburban office precincts approximately seven minutes drive from the CBD. This increasingly popular area is the ideal location for businesses that prefer a centralized location whilst avoiding the CBD traffic, parking congestion and elevated office rents. Excellent signage opportunity is available with exposure to an average of over 25,000 cars passing Scarborough Beach Road per day. 3

5 site summary The Garden Office Park offers an unprecedented array of tenant facilities including: Car Parking Car parking rates are as follows: Open - $ per car bay per calendar month plus GST. Undercover - $ per car bay per calendar month plus GST; Car parking in the Herdsman Business Precinct is currently FBT exempt. The Garden Office Park offers two hours free visitor and client undercover parking. Visitor and tenant parking for approximately 718 vehicles is provided onsite. Tenant parking is provided at the rate of one tenant car bay for every 23.4 m² of office space leased. By comparison, that is twice the availability of parking in parts of West Perth and at least five times better than the CBD. Swimming Pool and Barbeque Facilities The 20-metre swimming pool is a unique feature in the Park and offers tenants a relaxing and perfect place to unwind with workmates, a peaceful escape from their day-to-day routine, undertake an exercise program or stage a social sundowner. The Conference Centre The fully equipped Conference Centre can accommodate up to 100 people and can be configured to meet individual requirements. Tenant Gymansiaum and Change Rooms The air-conditioned Gymnasium is available to all tenants 24 hours a day, 7 days a week. It offers a full range of modern equipment and full end-of-trip facilities that will compliment anyone s workout regime. Alfresco Café The licensed Alfresco poolside cafe, open Monday to Thursday from 7.00am to 4.00pm and Friday from 7.00am 7.00pm, offers a range of dine-in or take away services, boardroom and conference centre catering, seating 64 indoors and 33 in the alfresco area. Tennis Court The fully lit tennis court provides tenants with an opportunity to practice a game or enjoy a social break from the office and can be booked for after-hours use. 4

6 3

7 enhancements and upgrades The Garden Office Park has been a moving work in progress over many years The Lessor and management team is committed to ensuring that the complex is maintained and presented to an extremely high standard befitting it s A grade status. This is evidenced by the continued capital injection throughout the buildings, car parking, gardens and amenities, maintaining their efficiency, performance and contemporary edge. Recent upgrades include: Upgrade/resurfacing to Tennis Court; Lobby upgrade to Building C; Upgrade of gym, including installation of new gym equipment; Proposed End of Trip facilities commencing construction in September 2017; Major upgrade and refurbishment to Building C mechanical services to raise the building s indicative annualised NABERS rating to 4.5 star; Lift modernisation and upgrade to Building D lifts to increase and maintain speeds and trip capacity; Fibre optic cabling installation and upgrade to increase the dependability of the Building Access Security System; Installation of smart gate metering in Building C and D to assist with whole of site efficient energy monitoring and management; Swimming Pool and Barbeque area refurbishment and landscape upgrade; External facade refurbishment and repainting to all buildings. Full refurbishment and upgrade of Building A, B, C and D bathrooms and gym change rooms; 6

8 sustainability initiatives The Garden Office Park features many sustainability initiatives Comprehensive energy management Tracking, Monitoring, Analysis and Reporting program in place; 5 Star NABERS Building Energy Efficiency rating for Building D; 4.5 Star NABERS Building Energy Efficiency rating for Building C; 4 Star HFM indicative rating for Buildings A, B and E; Nominal Lighting Power Density Level 6 BEEC rating - Tenant Lighting Energy Efficiency Assessment; Extensive building gate metering to accurately measure and track consumption; Sensor operated and photo sensitive energy efficient lighting; Sensor operated water flushing in bathrooms; Heat and glare reduction window treatments; Energy efficient mechanical services; Co-mingled recycling program with output tracking and reporting; Green Lease provisions that ensure Tenants fit out s incorporate green philosophies and initiatives; Engagement with like-minded consultants and contractors; Water wise planting; Bicycle parking; End of trip facilities. 7

9 convenience matters The Garden Office Park is a gateway to a thriving business district and is complimented by many services, retail and entertainment amenities 7 minutes to Perth CBD, Subiaco, West Perth and Northbridge; 5 minutes to the Leederville retail, cafe and restaurant precinct; 5 minutes to the Mount Hawthorn retail, cafe and restaurant precinct; 6 minutes to the Wembley retail, cafe and restaurant precinct; 4 minutes to Harvey Norman, Freedom, JB Hi Fi and a range major big box retailers; 5 minutes to IKEA; 5 minutes to Westfield Innaloo Shopping centre; 8 Minutes to Karrinyup Shopping Centre; 7 Minutes to Floreat Forum Shopping Centre; 5 minutes to all major banking facilities; 5 minutes to Hoyts Entertainment precinct; 8 minutes to Scarborough Beach. 8

10 current opportunities Garden Office Park currently has the following leasing opportunities Building A Area Asking Rent (excl GST) Availability Fit Out Ground 298.0sq m $395/sq m Immediately Fitted tenancy Building B Level sq m $395/sq m Immediately Fitted tenancy Building C Ground 96.0sqm $395/sq m Immediately High quality existing fitout Level ,256.0sq m $395/sq m Immediately Brand new spec fitout. Full floor, half floor and suite options available Outgoings Outgoings are estimated per square metre per annum plus GST for the 2016/2017 financial year and are broken down as follows: Building Outgoings Park Outgoings Statutory Outgoings Cleaning Total Building A $14.60 $66.20 $56.94 $13.30 $ Building B $12.63 $66.20 $56.94 $13.30 $ Building C $33.76 $66.20 $56.94 $13.30 $ Signage Naming and signage rights are available subject to Lessor approval at a rate of $15, per annum plus GST for Building A offering outstanding corporate exposure. 9

11 agent contact details Greg McAlpine Senior Director Office Leasing T: M: E: James Phelan Associate Office Leasing T: M: E: Disclaimer Knight Frank Australia Pty Ltd, Savills plc and the owner of this property give notice that: 1. All information given in relation to this property whether contained in this document or given verbally is given without responsibility and no express or implied warranty is given as to the accuracy by the Owner, Knight Frank Australia Pty Ltd or Savills plc and is not intended to form part of any contract. 2. Intending Lessees should satisfy themselves as to the truth or accuracy of all information given by making their own enquiries, inspections, searches and taking their own advice or as is otherwise necessary. 3. No person in the employment of Knight Frank Australia Pty Ltd has the authority to make or give any representation or warranty in relation to the property. 10

12 10