Powered by MOMENTUM MEDIA
development
1 minute read

Industrial warehouse snapped up for $1.1m

Industrial warehouse snapped up for $1.1m

by Naomi Neilson | November 05, 2019 | 1 minute read

A standalone industrial warehouse within the prime industrial precinct of Bibra Lake has been snapped up by an owner-occupier for $1,145,000.

Industrial warehouse
November 05, 2019

The 46 Bushland Ridge property came with cold storage included, offered 656 square metre building area and was sold as vacant possession. It was marketed and sold by Ray White Commercial (WA) sales and leasing associate Enrique Reyes.

Mr Reyes said the property was originally built with the operating business being a fruit and vegetables supply company.

“It was attractive because of the grease traps, fridges and solar panels that were appropriate for most food businesses,” he explained.

The property also featured double roller door access, front office amenities, three cold storage units, air conditioning, secure front yard parking and container lay-down area.

Advertisement
Advertisement

Ray White noticed a number of buyers have been looking for approved food premises in the metro area, but were struggling to find one. Most of the other available properties in the market were too big, and the alternatives too small.

“Industrial property in Bibra Lake had its challenges recently. However, being a unique offering, our marketing attracted both food and non-food operators,” Mr Reyes said.

“The property was launched to the market in the middle of March 2019, and went under contract in late May 2019. It was only on the market for less than three months, and considering how the market has been, it was quite a short campaign.”

About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: [email protected]com.au

Industrial warehouse snapped up for $1.1m
Industrial warehouse
nestegg logo

Subscribe to get the latest news and updates - join a community of over 80,000 property investors.

Check this box to receive podcast updates

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.