Industrial Development Opportunity of Scale in Perth’s Core Eastern Logistics Corridor up for Sale

A large premium industrial site with development potential in Perth’s core eastern logistics corridor is generating strong buyer interest after it was listed for sale.

The property at 311 Stirling Crescent in Hazelmere, 21 kilometres northeast of the Perth CBD, consists of a 28,717sq site with improvements totalling 4,502sq m, including modern offices/amenities, state of the art workshops serviced by significant power and gantry cranes together with a 12,000sq m of hardstand.

The site is 100% tenanted by G&G Mining Fabrication Pty Ltd, which uses the site as a heavy duty maintenance and fabrication of mining equipment facility.

It has a five-year lease in place until February 2029, with a further five-year option.

311 Stirling Crescent is being taken to the market via a Request for Offers campaign run by Knight Frank agents Geoff Thomson and Lachlan Lewis on behalf of the vendor.

The price guide is from $16.2 million (sold as going concern).

Mr Lewis said the property was attracting strong attention from prospective buyers, with enquiries registered from national and local parties.

“This is an institutional-grade investment located within Perth’s tightly-held eastern industrial sub- market,” he said.

“Not only does this property provide long-term income for a buyer, being securely leased to an established industrial tenant, but it also allows for potential long-term redevelopment due to its less than 18 per cent site coverage.”

Mr Thomson said the location of the property was a huge drawcard for industrial buyers and users.

“The Hazelmere site is situated within proximity to Perth Airport, Kewdale Freight Terminal and Perth’s major road network, including Abernethy Road and Roe, Tonkin and Leach Highways,” he said.

“Upon completion, the nearby Abernethy Road/Lloyd Street upgrade will enhance heavy vehicle access to the site and the wider Hazelmere locality.

“The surrounding area is well positioned for continued re-gentrification and undoubted growth as Perth’s inner core land supply diminishes.”