A prime industrial development site located in the heart of the Bassendean Industrial Precinct is expected to generate strong buyer interest as it comes up for sale.

The property at 18 Jackson Street, which also has street frontage to Lavan Street and Clune Street, comprises a 37,380sq m ‘General Industrial’ zoned site with buildings totalling 5,532sq m.

It is partially leased to Commonwealth Steel Co Pty Ltd, which is occupying 23,830sq m of the site, with a net passing income of $150,000 per annum and a three-year WALE.

The site is partially leased providing significant holding income, but has an immediately developable area of 23,830 square metres with site coverage of approximately 14.8 per cent.

Tom Iredell and Geoff Thomson of Knight Frank are marketing the site for sale via a Request for Offers campaign, on behalf of the vendor. 

Mr Iredell said the sale campaign was expected to attract many buyers, with the property very attractive to investors due to its unrivalled access to major roadways, development flexibility created by three street frontages, strong holding income and immediate development upside.

“This property provides developers, owner-occupiers and value-add investors with a rare opportunity to secure a prime development site of scale with a low-risk income stream in this tightly-held industrial land market,” he said.

“It’s in a blue-chip industrial location in the heart of the highly sought after Bassendean Industrial Precinct, which benefits from high underlying land values and is well positioned for continued re-gentrification and continued growth. 

“Bassendean is widely regarded as the premier industrial location in Perth’s northern corridor due to its connectivity to major transport links and proximity to Perth Airport and CBD.”

Bassendean is serviced by Tonkin Highway, providing direct access to the Kewdale Freight Terminal and Perth Airport to the South and Malaga Industrial Precinct to the North.

Ashfield Train Station is situated 900 metres south of the property, providing convenient public amenity to the Bassendean locality. 

Mr Iredell said the industrial market in Perth continued to be one of the strongest performing sectors, with ongoing buyer demand for quality properties, and in particular, those with future upside.

The Request for Offers campaign for the property closes at 4pm on Thursday, March 30.

For more information contact the agents via the contact form below.

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