A highly-contested suburban office and a modern industrial office/warehouse have been sold for a combined total of $3.7 million through LJ Hooker Commercial Perth.

Director of Industrial Colm McHugh brokered the deal for 66 Dowd Street, Welshpool for $1.075 million, while Director/Principal Brian Neo and Jack Bradshaw oversaw the sale of  9 Mary Street, Como for $2.7 million.

Comprising 588sqm office/warehouse on 991sqm of industrial land, 66 Dowd Street was sold at a rate of $1,084/m2. 

At a glance: 

• LJ Hooker Perth has brokered deals for Welshpool and Como recently.
• Jack Bradshaw and Brian Neo oversaw the sale of highly-contested suburban office at 9 Mary Street, Como for $2.7 million.
• Director of Industrial Colm McHugh brokered the deal for 66 Dowd Street, Welshpool for $1.075 million.

Mr McHugh said the buyer was "attracted to the central location, modern construction and the 5-tonne gantry crane".

After selling 9 Mary St, Como as a going concern in an open market public campaign in November 2019 for $2.5 million, Mr Bradshaw and Mr Neo were approached to resell the site as the new buyer decided against the location for their new corporate HQ.

9 Mary, Como. Source: LJ Hooker Commercial Perth

Mr Bradshaw said once they had been notified about the change of plan, the pair went through a list of active buyers list and found a new purchaser "within a week".

Mr Neo said the transaction was helped by favourable approaches from both parties.

“Interest in the previous campaign was so strong we sold the property prior to the closing date," he said.

“The seller was incredibly humble as they had genuine plans to relocate their business into the property and the new buyer equally as humble as the timing coincided with a lease expiry." 

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