Welshpool Industrial Property Continues to Perform with $2.2million Sale
A sought after landholding at Welshpool in Perth which was marketed by Ray White Commercial Burswood and Focus West Property has been purchased by an owner occupier for $2.2million.
The substantial 3,401sqm site is strategically located on the corner of Mars and Kew Street in Welshpool. A prime location, with good access and proximity to the state’s major road network.
Ray White Commercial Burswood Sales and Leasing Associate, John Perrett said: “Welshpool is considered to be one of the main industrial areas of Perth and large corner sites with excellent road frontage exposure and development opportunities are highly desirable.
“Tightly held Welshpool land continues to generate consistent interest from both owner occupiers and investors alike. The property has been bought by a long established, local manufacturer Loadstar Trailers who will be relocating their current facility to Mars Street to allow for production expansion and an improved show yard.”
Ray White Commercial Burswood co-selling Associate, Michael Fitzgerald said: “While significant demand for securely leased assets is evident in the current marketplace, strategically located properties in Welshpool have proven to be sought after investments.”
“While part of 235 Mars Street has been developed in the past consisting of a new high truss concrete tilt up panel shed of approximately 800m2, there remains an older shed to the front of the property allowing for further development and the opportunity to increase both the property value and rental return to the new property.”