He said serious buyers and tenants who were on the cusp of buying or renting before the pandemic went into holding pattern during the crisis but in Western Australia, they had emerged more determined than ever to find property to buy or to lease.
Realmark Commercial has a number of prime properties for sale that “tick all the boxes” (see their details below) and Mr Chorley expects strong investor interest.
“It is rare that quality investment stock comes to the market and we are expecting strong demand from buyers who have suffered from the lack of quality investment property and who are disenchanted with the share market,” Wayne said.
“The demand for well leased commercial properties was strong before and it is still strong. The price point sub-$5million is very highly sought-after by high net worth buyers, self-managed super funds and syndicators which are becoming more active in the marketplace.”
The Red Rooster store at 60 Hale Rd, Forrestfield is a commercial property, built among the first wave of chicken chain stores in Australia and has been trading for 45 years. This will be the first time it has been sold. The property is in a prime location, on a solid lease with secure rent generating a net return of $142,090 pa. It will be sold by set date sale.
Located in a well-established industrial precinct, 9 Malcolm Rd, Maddington is an industrial strength investment with a massive 4,864sq of land with a 1166 sqm workshop, 2000sqm lay-down area and 3.2 tonne gantry. It’s securely leased, generating a net income of $111,185 pa. It will be sold by auction.
Carpet Call currently has a short-term lease on this property ay 2/40 Bryan Place, Stirling which features 939 sqm of office and warehouse and generates a net income of $65,520 pa. It’s perfect for an owner occupier or an astute investor looking to re-position/re-lease.
Wayne is also working with Realmark Karratha on this portfolio sale. Realmark Karratha is selling two serviced apartments in the Karratha Central Complex at 27 Warambie Road, ideally suited for the first-time investor and smaller self-managed superannuation funds.
Contact Wayne Chorley:
Director Sales and Leasing – Industrial Specialist, Mobile 0423 252 253.