Two unique industrial assets located in Canning Vale and Midvale are now available to purchase for the first time in over 20 years. 

The landlords (Swan Transit) sold their operating business and are now looking to divest their real estate holdings, both located in core industrial locations in Perth. 

Canning Vale is a high value industrial site on a significant landholding (c.3.25ha), with a net passing income of approx. $1,174,898 p.a.  

“The existing improvements, unprecedented exposure to Roe Hwy and location would suit transport and heavy equipment-based occupiers, with short term holding income and low site cover providing value add optionality to investors and developers” said Matt Brunsdon, JLL Head of Logistics & Industrial WA.

The Midvale property is a leased investment, with government covenant split over three titles, totalling approx. 9,200sqm that provides longer term options and value add. With a net passing income of approx. $391,232 p.a.

“Midvale is a strategic opportunity to secure a strong leased investment in an established industrial pocket of Midvale providing optionality for prospective owner occupiers, investors and developers. The property is currently operating as a major Bus Depot, leased to the Public Transport Authority WA until June 2028” said Chris Monterosso, JLL Associate Director Logistics & Industrial.

JLL Q2 2023 Logistics and Industrial Market Overview reported Perth investment volumes over the last 12 months totalled AUD 294.8 million across 20 transactions. This figure sits below the 10 year average of 469.0 million.  

“Rental growth is anticipated to continue its upward momentum going forward, driven by strong demand and scarcity in supply” explained Brett Mathanda, JLL Director Logistics & Industrial JLL are exclusively appointed for both divestments.