Demand for industrial investment property continues to remain strong, with Realmark Commercial having just completed another successful sales campaign.

45 Esther Street in Belmont, part of Perth's premium industrial and commercial precinct, sold at a sub-6% return despite a relatively short lease term.

Sold to an East Coast buyer, this transaction underscores the ongoing appeal of Perth’s industrial market to both local and national investors.

The property's prime location in Belmont, just 5 km from Perth CBD and 2 km from Perth Airport, attracted significant attention due to its excellent connectivity to major arterial roads such as Great Eastern Highway and Tonkin Highway.

Strong interest from owner-occupiers is also driving the market and driving prices upward, with properties with short lease terms transacting at the same sub-6% yields, as owner-occupiers are willing to wait out the remaining lease term before taking possession for their business.

The long-held adage of “the longer the lease, the lower the yield” is certainly being tested in the current market.

For more information about this transaction or to learn how Realmark Commercial can assist in realising your goals, please contact:

Wayne Chorley 
Director Commercial Sales & Leasing 
0423 252 253 
wchorley@realmark.com.au

Rob Dawson 
Associate Director 
0447 218 516 
rdawson@realmark.com.au