Perth

Welshpool industrial estate tipped to attract national buyer interest

The 54 Kewdale Industrial Estate in Welshpool has been listed for sale amid ongoing demand for investment-grade industrial assets in Perth.

23 May 2019

The 54 Kewdale Industrial Estate in Welshpool has been listed for sale amid ongoing demand for investment-grade industrial assets in Perth.

CBRE has been appointed to steer the Expressions of Interest campaign for the multi-tenanted, 3.86ha estate, which is situated at 48-54 Kewdale Road.

The estate covers two freehold titles and offers circa 300 metres of direct street frontage. It is situated on one of Welshpool’s highest profile corners, 3km from Perth’s airport precinct and 900m from the Kewdale Freight Terminal.

CBRE Senior Director Jarrad Grierson said the offering was expected to attract significant interest given the size of the landholding and the estate’s diverse income stream, derived from nine separate tenants, including Toyota, AMES and A. Noble & Sons.

“The scale and quality of the offering is expected to generate interest both locally and nationally,” Mr Grierson said.

“Multi-tenanted estates are seldom offered for sale in Perth, particularly in sought after locations such as Welshpool, where the majority of the assets are controlled by several large land owners.”

The estate has a gross lettable area of 20,523 sqm and provides a net passing income of approximately $2,2,541,583 per annum.

Mr Grierson noted that the sale campaign coincided with signs of recovery in the Perth industrial market, buoyed by positive sentiment and increased confidence in Western Australia’s mining sector.

Expressions of Interest close June 27, 2019.For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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.

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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.