Investor secures golden development opportunity in Perth industrial hub
| 10 November 2016
A private investor has secured a circa 33,000sqm footprint in one of Perth’s leading industrial precincts, with the purchase of a Welshpool facility for $9.75 million.
CBRE’s Warick Irving and Ben Clarke negotiated the sale of the 123-129 McDowell Street property on behalf of John and Helen Henderson via an Offers Invited campaign.
Situated in the heart of Welshpool, 11km east of the Perth CBD, the property comprises a several buildings totaling approximately 5,283sqm.
The property, which represents one of Welshpool’s last remaining development sites, is partially leased to GPR Tucks.
Mr Clarke said the opportunity to acquire a significant presence in a well established and tightly held location was pivotal to the deal.
“The property offered a unique opportunity to secure a large corner site with a mix of improvements and quality hardstand that is expected to provide a good return over the medium to long term (pending redevelopment),” Mr Clarke said.
“The property’s close proximity to the Kewdale Freight Terminal and major arterial road linkages was also a key selling factor, which attracted strong buyer interest during the campaign.”
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