Perth

Industrial leased investment opportunity beckons in growing Broome

CBRE has been appointed to market for sale an industrial facility leased to one of Australia’s leading steel manufacturers and suppliers in the coastal city of Broome.

04 Jul 2018

CBRE has been appointed to market for sale an industrial facility leased to one of Australia’s leading steel manufacturers and suppliers in the coastal city of Broome. 

Located at 3 Archer Street, Minyirr, the property consists of an 800sqm warehouse/office facility situated on an 8,122sqm site. It offers a compelling investment opportunity, being leased to Midalia Steel – a subsidiary of Liberty One Steel – on a new 10-year lease with a further three five-year options available. 

Minyirr is one of Broome’s most established industrial precincts, home to a number of national and international tenants.

CBRE’s Geoff Fraser is managing the sale campaign via Offers to Purchase.

“This is an outstanding leased industrial investment, providing the opportunity to secure a footprint in one of Broome’s strongest industrial precincts, and with the guarantee of fixed income from a renowned operator,” Mr Fraser said. 

“Being leased to a blue-chip tenant for a substantial period, the property is expected to attract interest from local, Perth and interstate buyers looking to acquire a secure investment in a growing location.” 

Liberty One Steel is a wholly owned subsidiary of GFG Alliance – an international group of businesses, founded and owned by the British Gupta family. It combines some of the world’s leading industrial, natural and financial resources, working together towards the delivery of a common industrial strategy. 
 
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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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.