A leasing campaign has been launched for a refurbished office building in West Leederville, just two kilometres west of the Perth CBD.

The five-level property at 1 Cambridge Street, which was previously occupied by Australia Post and Santos, is offering 3,650sq m over three floors, seeking tenants from full floors to the whole building.

Space in the building is being leased by Greg McAlpine and Ian Edwards of Knight Frank and Lachlan Lewis of Transact Capital.

The property features a central core, two lifts, full perimeter glazing offering excellent natural light, 122 secured and covered basement car parks, and outstanding end-of-trip facilities in the rear of the common ground floor lobby including new showers, toilets and lockers, with secure bike storage and an e-scooter charging station in the basement.

It also has 78 secured and covered basement car bays with 20 open carbays and a new onsite cafe will be located in the building’s alfresco breakout on the ground floor.

The building is presently exempt from NABERS due to the refurbishment, however the owner is confidently targeting 5+ star.

The financial offer is being pitched at a very competitive level against its comparable A-grade competition.

Mr McAlpine said the new owner of the building, Royal Oak Capital, had delivered a major refurbishment totalling more than $6 million since it purchased the asset last year, bringing it up to “as new” standards and best practice.

“The property has been refurbished to a high A-grade standard, with all new finishes and services, bringing the property up to the highest best practice and standards,” he said.

“1 Cambridge Street is an iconic address in an enviable location, neighbouring West Perth, Subiaco and Leederville and within 2 kilometres of the CBD of Perth.

“Immediate access is available to both the Mitchell and Graham Farmer freeways, offering direct connection to other parts of the city and wider metropolitan Perth.

“Both the West Perth and Leederville train stations are also approximately a five-minute stroll away providing the unique ability to connect to two different train lines, while the green CAT connects the building with both West Perth and the Perth CBD.”

Mr Lewis said the property occupied a gateway position to the broader Perth metropolitan Business Precinct, and excellent signage opportunities were available with exposure to over 60,000 cars passing Mitchell Freeway per day.

“A flight to quality is always present in the market, and the refurbishment of this asset has enhanced the quality of the space, which will attract a wide range of tenants, in addition to the building’s location.”

Ben Jones, Executive Director of Royal Oak Capital states: "With city views, open floor plans and 360-degree natural light spanning across modern floor plates, 1 Cambridge Street gives prospective tenants the opportunity to provide their employees an A-class work environment on the doorstep of major transport networks and within one of Perth’s most desirable food and entertainment precincts.

“Tenants can be comforted that the building will continue to remain in a premium condition with Royal Oak Capital and Transact Capital located at property, occupying the whole ground floor.”

Alex Gismondi, CEO & Founder of Royal Oak Capital commented: “We are very proud to present 1 Cambridge Street as a fully refurbished A Grade office asset to both our investors and prospective occupiers.

“We see real value in revitalising existing assets and returning them to their former glory whilst making sustainability a key objective during the process of our value-add investments.

“We look forward to a long-term partnership with the successful tenants that will benefit from all the great characteristics this building and its iconic corner location offers.”