Back-to-back warehouses snapped up in Bibra Lake

Two back-to-back properties in Bibra Lakes’ premium industrial precinct have been sold to two separate buyers.

The first property located at 46 Discovery Way was sold for $1.95 million, while the second property at 36 Sustainable Avenue was sold for $1.85 million.

The vendor had run a national business from the adjoining properties, but outgrew the spaces and decided to put them on the market.

Ray White Commercial WA agent Enrique Reyes said the property at 46 Discovery Way was purchased by a national business owner, while 36 Sustainable Avenue was sold to a local owner-occupier.

“Both properties were well presented properties with good access and street appeal,” Mr Reyes said.

“They were also in a size category that has little supply in the market with a good amount of yard/car bays for container laydown.

“The properties are now sold to two separate businesses and the access between properties has been sealed.”

Ray White Commercial WA agent Josh Sumner said both properties received strong enquiry entering into multi-offer situations.

“The campaign brought out multiple offers for both properties as there is a very high demand for good quality properties in a low supply environment,” Mr Sumner said.

“We were able to use the current market conditions to create a competitive atmosphere driving an exemplary result for the seller.”

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