Moore St move

TELSTRA’S move to rationalise its Perth operations has seen 21 Moore Street, East Perth, being put up for sale or lease through Chesterton International.

Chesterton International director Bob Perman said while the owner’s priority was to lease the property, offers to buy the building with vacant possession also would be considered.

The building has a net lettable area of 1,548 sqm and Mr Perman expected the sale price to be near $2.5 million.

Citing an Australian Property Institute survey and the recent moves by Hatch and NRMA, Mr Perman said many CBD firms are willing to relocate into fringe CBD locations provided they do not have to compromise on building quality.

“East Perth provides an excellent alternative to the CBD and West Perth and, in this instance, a competitive rental of $150 per sqm is sure to attract a lot of interest from lessees,” he said.