An owner-occupier has snapped up a standalone industrial warehouse within Bibra Lake’s prime industrial precinct for $1,145,000 at 46 Bushland Ridge.

The property, which came with cold storage included, offered a 656 square metre building area and was sold as vacant possession.

At a glance:

• Standalone warehouse at 46 Bushland Ridge in Bibra Lake precinct sells for $1,145,000
• The sale price translates to $1745 per square metre
• Property met needs of a range of buyers and sold after relatively short campaign

The warehouse was marketed and sold by Ray White Commercial (WA) Sales and Leasing Associate Enrique Reyes.

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

“It was attractive because of the grease trap, fridges, and solar panels that were appropriate for most food businesses,” Reyes said.

“We’ve noticed a number of buyers have been looking for approved food premises in the metro area but have struggled to find the right one.

“Most in the market are quite big, and the alternatives are just too small, but 46 Bushland Ridge was in a unique position in terms of size.”

Mr Reyes said that while industrial property in Bibra Lake had seen recent challenges, the unique offering at Bushland Ridge had both food and non-food operators.

“The property was only on the market for less than three months, and considering how the market has been, it was quite a short campaign,” Reyes said.

“The property featured double roller door access, front office amenities, air conditioning, a good container lay-down area, secure front yard parking, three cold storage units and a solar power system.”

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