Raine and Horne Commercial

WA - Commercial Anthony Vulinovich of Commercial Western Australia says the Perth market is seeing the same high levels of demand from owner occupiers and investors that are driving markets on Australia’s east coast. As is the case elsewhere, low interest rates are giving small and medium enterprises the opportunity to own their premises, with loan repayments often below leasing rates. Reflecting the market in many other state capitals, industrial assets are attracting keen buyer interest. As evidence of this, the team at Commercial Western Australia recently secured the sale of 60 Paramount Drive, Wangara for $1.475 million. The property includes a 935 square metre building, comprised of a 735 square metre warehouse and 200 square metre office situated on 2,105 square metres of land. The property is tenanted to September 2023 for rent of $89,461 per annum plus outgoings. Anthony and his team were also instrumental in the successful sale of 8 Fellowship Road, Wangara, which sold for $1.415 million plus outgoings. This corner site with dual street access features a 640 square metre warehouse and a 160 square metre office on a 1,315 square metre block. The property is in the Gnangara part of the Northlink Industrial Park, one of Perth’s most prestigious industrial developments, and offers direct access off Ocean Reef Road. 39 - Anthony Vulinovich anthony.vulinovich@rhc.com.au