Providing an opportunity for investors to secure prime land along the Great Eastern Highway in Perth WA, the Redcliffe industrial portfolio offers 2 properties for sale through Ray White Commercial (WA) in conjunction with LJ Hooker Commercial via an expressions of interest campaign. 

Speaking to The Industrialist, Brett Wilkins said he expects the sale to attract interest from local, national and international private and institutional groups.

“The WA industrial and logistics market is incredibly hot with limited supply, the demand for both owner occupier and investors are still strong,” Brett explained.  

“Despite economic uncertainty and increased financing costs, we still believe that the market will continue to stay healthy for another 12 – 24 months however sale prices and rental rates will now start to stabilize.” 

Source: Ray White Commercial (WA)

“Located in Redcliffe, these properties benefit from excellent exposure along Great Eastern Highway and close proximity to Perth Airport and major arterial roads. The properties represent an incredible opportunity for investors to secure 15,875 – 19,983sqm of prime land along Great Eastern Highway. Purchase in one line or individually!” Brett told The Industrialist.

Positioned on land area of approximately 15,875sqm, Property 1 at 485-489 Great Eastern Highway, 30 & 32 Redcliffe Road comprises a two storey office, workshop and warehouse premises over two buildings, hardstand and an older lower truss warehouse all part of the AV Trucks Services operations.

The property is currently tenanted by AV Truck, a proud family owned and operated local company in WA for nearly 40 years. The company is an award-winning truck dealership known as a specialist dealer of IVECO and Hyundai Trucks and providing comprehensive truck repair and maintenance services in Australia.

AV Trucks have just entered into a new 5-year lease with a 2 x 5-year option with 4% reviews and 6-month bank guarantee commencing 1 July 2023.

Property 2 encompasses total land area of approximately 19,983sqm, tenanted by SRG Global, an ASX listed diversified industrial services company known for its expertise in complex projects such as the construction of large-scale structures, underground mining infrastructure, and offshore platforms.

The property comprises a large concrete and bitumen paved hardstand located at the intersection of Great Eastern Highway and Coolgardie Avenue, a well developed office and warehouse/workshop facility located in a cul de sac at the intersection of Redcliffe Road and Ben street. The improvements comprise of three freestanding buildings constructed of reinforced concrete floors, metal clad elevations and a metal deck roof.

SRG Global have a 9-year lease commenced 1 July 2015 + 2 x 5-year options.

Expressions of interest close Wednesday 12 July 2023 at 4pm.

To request a copy of the Information Memorandum please email the marketing agents Brett Wilkins or Vincent Siciliano or Chris Matthews or Jake Wallman via the contact form below.

To view the listing or for more information click here.

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