Following several large sales in the Perth CBD, the BGC Centre at 28 The Esplanade has been put on the market. Tom Nattrass, Nigel Freshwater and John Williams of JLL Perth have been appointed to market the property.
The vendors are heirs and family to the late tycoon, Len Buckeridge, who passed away in 2014. The holding company Is Glentham Pty Ltd, which is directed by Samuel Buckeridge of Nedlands (WA), Andrew Teo of Mount Claremont (WA), Julian Ambrose of Mosman Park (WA) and Andrew Buckeridge of Peppermint Grove (WA). It is owned by BGC (Australia) Pty Ltd.
The BGC Centre, formerly known as the Griffin Centre, has 15 levels of office space plus ground and mezzanine and three basement levels of car parking for 179 vehicles. The north half of the site is a roofed plaza with a restaurant and other retail areas, linked with the building's main foyer. It was built between 1982-1984 and was refurbished in 1994 and 2016. With a net lettable area of 15,889 sqm, the building’s major tenants include Hotchkin Hanly Lawyers, Aon Risk Services and the Parliamentary Inspector of the Corruption and Crime Commission. It was previously the site of the renowned Esplanade Hotel which stood on this site from 1898 until 1972 and was home to visiting prime ministers and other dignitaries.
The building is being marketed with the potential for strong income growth and the potential for a fully leased net income of $9,380,000 per annum.