Private company ATOC has purchased a 1,216sqm office/warehouse in Kings Park for $3.1 million.
Owned by Xavier Advertising, the property is currently leased at a net rental of $163,981.22 +GST until October 31, 2020.
The site is conveniently located on 13 Binney Road, near Vardys Road, Sunnyholt Road and the M7 Motorway. The warehouse can be accessed via one container height roller door with an internal clearance of up to 6.6 metres.
Zoned as Flexible IN2 – Light Industrial, it offers a well-lit modern office space and a concrete forecourt that allows for easy container loading and unloading.
CBRE’s Matthew Alessi and Brendan Wein negotiated the deal.
“Despite the COVID-19 pandemic, we’re still seeing keen buyer interest and a willingness to purchase,” Mr Alessi said.
“The purchaser was attracted to the existing short-term lease agreement. The modern office with existing fit out, freestanding site with exclusive concrete forecourt, and high clearance warehousing were also drawcards.”
Owned by Xavier Advertising, the property is currently leased at a net rental of $163,981.22 +GST until October 31, 2020.
The site is conveniently located on 13 Binney Road, near Vardys Road, Sunnyholt Road and the M7 Motorway. The warehouse can be accessed via one container height roller door with an internal clearance of up to 6.6 metres.
Zoned as Flexible IN2 – Light Industrial, it offers a well-lit modern office space and a concrete forecourt that allows for easy container loading and unloading.
CBRE’s Matthew Alessi and Brendan Wein negotiated the deal.
“Despite the COVID-19 pandemic, we’re still seeing keen buyer interest and a willingness to purchase,” Mr Alessi said.
“The purchaser was attracted to the existing short-term lease agreement. The modern office with existing fit out, freestanding site with exclusive concrete forecourt, and high clearance warehousing were also drawcards.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
