A 1.8ha vacant Industrial site in Truganina has sold to a local developer as capital continues to be drawn to the sector.
The site at 20 Mayer Place was marketed by Lemon Baxter on behalf of a local investor.
Lemon Baxter’s, James Matina said “We are experiencing a strong appetite for industrial zoned land across the western corridor being driven by rapid growth within the e-commerce, warehousing, logistics and government infrastructure sectors as a result of COVID-19”
The vacant site contains 13,500sqm of concrete hardstand and approx 4,550sqm of recycled asphalt. The Vendor had previously proposed to develop a 3,200sqm warehouse facility on the site.
The site was sold for between $250 – $300 per square metre.
“Astute developers and owner occupiers have been acting promptly to secure industrial assets across the board.”
“The transaction was negotiated in the midst of the pandemic demonstrating a high level of confidence within the industrial sector.”
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