Raine & Horne Commercial WA on behalf of Perenti Property are marketing 6 Uppsala Place and 20-26 Gauge Circuit Canning Vale.
The massive 7.47-hectare industrial property is located over three street addresses and two streets within Perth’s core industrial submarkets and investment locations. It is well connected by Roe Highway, making it easily accessible to Perth’s major road networks and industrial infrastructure.
The SuperSite is offered fully leased to Perenti Global, an ASX 200 diversified global mining services group and Robit Australia whose parent company is listed on NASDAQ.
The net passing income is circa $2,040,000 per annum. It is apportioned over four highly sought-after industrial buildings with an area of 16,208 sqm with an extensive hardstand adjacent to each building.
With a current site coverage of only 21.7%, the property provides enormous potential for future subdivision or future development on the site providing growth upside for an active property asset owner.
Raine & Horne Commercial WA Industrial Associate Mr Jack Divitini says, “Opportunities to purchase a prime property in such a premier location, fully leased to well established reputable companies doesn’t arise very often, and we expect significant interest throughout the campaign.”
Mr Anthony Vulinovich, Director Raine & Horne Commercial WA, says, “We expect the property to appeal nationally to institutional funds and significant family offices active in the commercial property sector, given the properties platform to provide not only strong instant returns but it also has readily accessible further development capacity.”
Perth prime industrial has entered a phase where the stock shortage is evident in both land and built form, and the expectation is that this will underpin growth in both rents and values in the next 6-12 months. This growth may be more prolonged and more pronounced, but as minimum rents are likely to increase by 10% in the short to medium term, values could rise as much as 15% due to the supply-demand dynamics we are seeing.
Given the low-rate environment and business activity in the core areas, one must also not discount that a significant owner-occupier may also be interested in the property with the intention to occupy a substantial part of the property in the future and lease or sell the remainder.
The price will depend on each buyers’ market view and their property intentions.
The offers to purchase campaign closes at 5pm WST on 21st May 2021 and for more information contact Raine & Horne Commercial WA on 07 6444 7211 or [email protected]