Developer Cedar Woods has completed construction of a $23 million office building in Williams Landing.
The building, at 101 Overton Road, contains 6000 square metres of office space for small-to-medium-sized businesses.
The building, which will be able to house up to 74 occupiers, is 78 per cent pre-sold. More than 2100 jobs are expected to be based at the site.
Designed by architects Gray Puksand, the building features a fully-equipped conference centre, NBN infrastructure, secure swipe card access and end-of-trip facilities. There is also a restaurant and florist on the ground floor.
Cedar Woods state manager Lloyd Collins said the new building offered an investment opportunity for smaller businesses, who play a crucial role in creating jobs.
“We’re seeing more businesses invest in the west,” he said.
“In terms of space and value, the CBD and fringe simply can’t compete.
“With high-profile corporates and many small-to-medium-sized businesses already basing themselves here, Williams Landing has emerged as an appealing alternative.
“Due to the impact of COVID-19, we have been speaking to businesses who are looking to restructure their office spaces to low rise offices with the ability to use secure swipe card stair access in addition to lifts.
“Some are looking to set up hub or satellite offices where their employees can work closer to home, with secure parking and transport links to the CBD for meetings.”
Wyndham mayor Josh Gilligan, who toured the Williams Landing building, said that when it comes to investing, there is a high level of confidence in Wyndham.
“Council is committed to ensuring a robust local economy and that’s why the completion of this building is a perfect reminder that Wyndham is open for business and investment,” Cr Gilligan said.
Juanru Sun, from Sun Accountant, bought into Cedar Wood’s first strata building in Williams Landing. He purchased three units in 2017.
He has since achieved a rental return of seven per cent and unit price growth of seven to 10 per cent.
“As a small business, I’m glad I made the decision to invest in Williams Landing three years ago,” Mr Sun said.