Thriving business investment sells for $1.5M in Perth’s western suburbs
A rare industrial warehouse in the western suburbs of Perth has sold for $1.5 million in an off-market deal.
McGarry Mining Services Moves
McGarry Mining Services has secured premises in the popular Peregian Beach commercial precinct through Ray White Commercial Noosa & Sunshine Coast North.
The 90 sqm tenancy at Suite 4, 2 Heron Street, Peregian Beach, was leased in a deal negotiated by David Brinkley of Ray White Commercial Noosa & Sunshine Coast North on behalf of a local investor.
David Brinkley said he was contacted by McGarry Mining Services as they had outgrown their existing Noosaville office space.
“They were keen to see what options were available in the popular Peregian Beach commercial precinct,” he said.
“I showed the prospective tenants around three options which I thought would work for them.
“After walking through the 4/2 Heron St premises, they loved the layout of the offices which offered plenty of natural light and included its own private ensuite with shower and bathroom facilities.”
David Brinkley said the Heron St office is close to the vibrant Peregian Village shopping precinct.
“The proposed new IGA development opposite the village is an attraction for businesses,” he said.
McGarry Mining Services has taken out a 2 + 1 year lease at a gross rental estimated at approximately $280 per sqm per annum.
A rare industrial warehouse in the western suburbs of Perth has sold for $1.5 million in an off-market deal.
As interest rates show some stability, there has been a renewed confidence in commercial property investment with enquiry levels reportedly up.