Experts discuss Western Australia’s industrial property market
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
68 Cutler Road, Jandakot.
COMMENCEMENT of the construction of the new bridge over the Kwinana Freeway linking Northlake Road in Cockburn Central to Armadale Road in Jandakot is increasing commercial and industrial property activity in the area, according to Ray White Commercial (WA) Director, Russ Parham.
“The new bridge will ease congestion on the existing Beeliar Drive Bridge and will facilitate access from the Jandakot commercial and industrial areas onto the Kwinana Freeway,” Mr Parham said.
Enrique Reyes of Ray White Commercial (WA) confirmed the two most recent sales as evidence of increased activity in the suburb of Jandakot.
67 Cutler Road, Jandakot.
“A vacant block of 2,158sq m* of land at 67 Cutler Road was purchased by the Perth Korean Presbyterian Church for $992,500 to construct a church for its members as they recognised easy access from the Kwinana Freeway would benefit their members throughout Perth,” Mr Reyes said.
“A second 6,395sq m* property at 68 Cutler Road, which has offices and workshops, has also just sold for $2,230,000 to a local business wanting to expand their operations and premises, but want to stay in the area, because of its strategic location.”
“The only other available land in the area is a number of green titled and vacant strata lots brought to the market by Prada Developments who purchased the previous Western Power en-globo land on the corner of Solomon Road and Cutler Road,” Mr Parham said.
68 Cutler Road, Jandakot.
These have now been subdivided into small lots ranging from 1,163sq m* to 2,054sq m* with only three green titled lots left and the new stage two survey- strata lots are now available. All the lots are being marketed by Russ Parham and Enrique Reyes of Ray White Commercial (WA).
“The lots are well-priced (starting from $555,000) to provide an opportunity for small and medium sized businesses looking to secure the attractive location,” Mr Reyes said.
“With the recent sales in the area and now that the COVID-19 restrictions have been eased, buyers have returned to the market, showing a good level of interest.”
*Approximately.
Hundreds of people tuned in to listen to the 25th edition of RWC’s Between the Lines webinar today, where our panel of experts discussed Western Australia’s industrial market.
The Perth retail strip market has seen a notable uptick in occupancy across the eight surveyed areas.