Bibra Lake warehouse/office sells for $2.025M

A LOCAL businessperson has snapped a well-presented warehouse/office in the Perth suburb of Bibra Lake as 36 Cocos Drive sold for $2.025 million.

The property came with a 3,009sq m* site area and offered a 1,510sq m* warehouse and garage along with a 380sq m* office.

The asset was marketed and sold by Ray White Commercial (WA) Joint Managing Director Stephen Harrison and Sales and Leasing Executive Enrique Reyes.

“This well-presented warehouse offered an incredible opportunity to secure a functional commercial property with an extensive office fit-out,” Mr Harrison said.

“It sits within close proximity to major arterial roads, is close to Stock Road, Spearwood Avenue, and has easy access to the Kwinana Freeway (north and south-bound).”

“Earlier during the COVID-19 period, we were experiencing a challenging industrial market, but we were able to use our database and relationships to create a competitive environment and secured a final purchaser,” Mr Reyes said.

“The campaign came down to two parties who wanted to put offers in and the best offer was presented and accepted by our vendor.”

*Approximately.