Kwinana beach industrial property sold by Colliers International for $3.05 million
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Oct 23, 2019
Kwinana beach industrial property sold by Colliers International for $3.05 million
Perth-based property group expands its footprint in tightly held Kwinana Industrial Area with the purchase of newly leased industrial property.
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Supplied by ColliersThe combined Mandura and Butcher Street site
In a deal negotiated by Colliers International’s Justin Mabarrack, industrial land developer iParks Property Group purchased the Kwinana Beach property at 13 Mandurah Road for $3.05 million plus GST.
The 7,301 square metre office-warehouse property has a modern two-storey office, a 600 square metre warehouse with an enclosed wash bay and a 5,000 square metre handstand.
At a glance:
- Industrial land developer iParks Property Group buys 13 Mandurah Road for $3.05 million
- The property comprises a 7,301 square metre office-warehouse, a 600 square metre warehouse and 5,000 square metre handstand
- The property has been leased to mining and construction equipment hire company Onsite Rental Group
The Mandurah Road site shares a boundary with two other industrial properties, 16 and 18 Butcher Street, which are also owned by iParks.
To facilitate the sale, Mr Mabarrack leased 13 Mandurah Road to mining and construction equipment hire company Onsite Rental Group.
“The amalgamation of three properties created a suitable site for Onsite Rental, which had been searching for a location in the southern headquarters to consolidate its equipment hire operations,” Mabarrack said
“iParks will build a customised 2,000 square metre warehouse for Onsite Rental on the Butcher Street sites and there will also be access to drive through the adjoining properties.”
Mabarrack said the Kwinana Industrial Area was a major driver for the WA economy and its tightly held market was reflected in the improved land rate of $417 per square metre for the Butcher Street property.
“As WA’s premier industrial estate, Kwinana has port and rail services and is home to a core of heavy industries including refineries and agribusiness operations,” he said.
“With the ocean on its western boundary and a buffer separating it from nearby residential areas, we expect demand for industrial land in Kwinana to remain strong.”
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Important Information:
Contact details:
Justin Mabarrack
Effective Property Solutions
0411 333 970
