The Insight | Perth Industrial Vacancy & Market Overview | June 2024
The industrial property sector continues to be the most desirable and top-performing commercial real estate asset class nationwide.
Midland Showroom Complex Sold for $5.3 Million
A showroom complex at Midland in Perth’s north-east has been sold by Ray White Commercial WA for $5.3 million.
The property on a land area of 4,820 sqm at 147 Great Eastern Highway, Midland, was sold to a private investor by Ray White Commercial (WA) Director, Russ Parham, on behalf of a private owner.
Russ Parham said the showroom complex has a net lettable area of 2,205 sqm and is strategically located on a busy commercial strip.
“This modern showroom complex is built over four separate tenancies including high profile national brands such as Jetts Fitness and Horseland,” he said.
“We had strong interest to purchase the property as a leased investment.
“The complex is situated on an excellent corner location with a high volume of passing traffic. The property also includes 68 parking bays.”
The industrial property sector continues to be the most desirable and top-performing commercial real estate asset class nationwide.
Over the past two decades, the number of data centres around the world has been steadily increasing, with Australia now ranking as the seventh most populous country for these facilities.