Significant infill site in Mirrabooka tipped to generate local and national buyer interest
A circa 15.52ha infill site in Mirrabooka is being offered for sale for the first time in more than 65 years.
26 Jun 2019
The Atlas Paving site has been in the same private ownership since pre-1954. Throughout the site’s history, uses have included brick making and concrete batching.
CBRE’s Jarrad Grierson and Richard Cash have been appointed to steer the Offers to Purchase campaign, which is expected to attract significant local and national buyer interest given the size of the site and its wide-ranging potential
Situated at Lot 820 Alexander Drive, Mirrabooka, the property is directly opposite Perth’s highly regarded Malaga industrial precinct and is zoned “Mixed Business” under the City of Stirling’s Local Planning Scheme.
“The offering represents an opportunity to secure a rare infill site with significant scale, which would support a wide range of business uses, including industrial and large format retail,” Mr Grierson said.
“An incoming owner could look at a range of value-add options, including a land subdivision, site redevelopment or refurbishment of the existing buildings for lease or owner-occupation.”
Mr Grierson added; “The site’s connectivity will attract interest from both logistics and large format retail tenants who will benefit from the site’s immediate access to Perth’s major road infrastructure.
The property is being sold subject to several short term or rolling leases over parts of the site.
Mr Cash noted that the site’s location would be a key buyer drawcard, offering approximately 425 metres of high exposure frontage to Alexander Drive, which would support a range of redevelopment options.
“The site is situated 12 kilometres north of the Perth CBD in the Malaga area, which is highly regarded due to its proximity to Perth’s major arterial routes, the CBD and Perth Airport,” Mr Cash said.
“It presently includes a mix of buildings, including a warehouse/office facility previously used for manufacturing.”For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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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.