Opportunity to secure strategic asset within Perth Airport zone

A rare opportunity to acquire the only freehold parcel inside the Perth Airport zone in Redcliffe is expected to attract widespread investor interest.

Situated on a 19,298 sqm site with triple street frontage, the campus-style office and warehouse complex at 130 Fauntleroy Avenue includes 8,749 sqm of net lettable area across four buildings and 322 covered car bays.

CBRE’s Derek Barlow and Nicholas Volk are managing the sale via an Offers Invited campaign.  

Mr Barlow said the property offered an opportunity to acquire a strongly performing asset with potential for additional development while still retaining most of the current income. 

“The expansive landholding provides significant development potential to accommodate existing tenant expansions, while still retaining 75% of income in the main office building. With the strength of current lease covenants, quality of current improvements and nearly 2ha landholding, this is an unmatched opportunity at a pivotal point in the Perth commercial market,” Mr Barlow said.

“The $5 billion committed to major projects expanding Perth Airport is the largest private infrastructure project Perth has ever seen. The increase in demand for commercial, office and industrial space in the vicinity of the airport resulting from this project is expected to be significant,” he added.

The property is fully leased to domestic and international companies including Qantas, Caterpillar, Boral and the State Government, offering excellent income security.

The Offers Invited campaign closes 2pm (AWST) Wednesday December 4, 2024.