Swan Institute Australia swoops on city building

​Perth, 10 March 2015 – Prominent local education and training provider Swan Institute Australia has recently acquired commercial offices in East Perth for $6.55million.

Located at 3 Bennett Street, the site spans approximately 1,700sqm over five floors plus 18 basement car parking bays. The property benefits from prime CBD location with preferred south facing aspect, substantial fit out ready for immediate occupation and on-site secure parking.

CBRE’s Michael Milne and Visionre Real Estate’s Philip Lin negotiated the sale on behalf of multiple seller interests.

CBRE initially marketed only the top floor for sale, however, Swan Institute Australia showed interest in the property as a whole, acquiring all five floors except a small strata lot on the ground floor for relocation and expansion purposes.

Mr Milne said the sale demonstrated an increasing trend for owner occupier groups to be looking at purchase options rather than leasing.

 “The increased supply of commercial properties coupled with low interest rates is driving businesses such as Swan Institute Australia to purchase offices outright.”

“The property offered a range of features suited to the buyers needs and is ideally located in Perth CBD,” Mr Milne said.