Prime Canning Vale commercial property up for lease

Perth, 20 May 2015 – A substantial industrial property in the heart of Canning Vale is up for lease in a move tipped to ignite strong interest from national operators looking to gain a presence in one of Perth’s most sought after commercial hubs.

CBRE and Knight Frank have been jointly appointed to lease 8-10 Modal Crescent – a 9,000sqm site comprising a two level showroom facility.

CBRE’s Geoff Fraser said the property was well suited to accommodate a corporate headquarters type of facility.

“This property offers scale and prominent positioning that will appeal to tenants looking to secure a modern head office in one of Perth’s biggest commercial precincts,” Mr Fraser said.

“Many larger companies are now looking to secure a larger footprint in just one location as opposed to several smaller tenancies due to it being more cost and operationally effective.

“This property offers the opportunity to do just this, with offices ranging from 1,200sqm – 1,500sqm and a substantial warehouse of more than 3,000sqm with a truss height in excess of 11 metres.”

Mr Fraser said the property’s location would be a drawcard attracting tenants.

“Canning Vale has always attracted national and multi-national occupiers because of its proximity to major arterial roads and infrastructure,” Mr Fraser explained.

 Knight Frank’s Martin Vogt said consolidation was a key driver underpinning tenant moves in the current market.

“This property offers exceptional presentation and quality to support a company’s headquarters, with large laydown areas, which can also accommodate a large number of car bays for staff, and a drive through corner location for loading and dispatch,” Mr Vogt said.

“Being located in the heart of a blue chip industrial precinct and surrounded by quality users are also high on the list of a company’s relocations needs.”

Located approximately 13 kilometres south of the Perth CBD, the property is well supported by major road networks and near other occupiers such as BOC Gases, Blackwoods, Metcash and Capral Aluminium.

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