At Industrial Commercial Partners (ICP), we take a seamless, client-focused approach to matching businesses with the right property solutions. Our national partnership of independent and like-minded agents ensure that businesses across Australia find spaces that support their growth.
Case Study: Solution in Action - Wafex Expansion
Wafex, Australia’s leading flower company, required a large warehouse in Brisbane to accommodate a 2,000sqm coldroom investment and future expansion.
Our team worked together to:
* Identify suitable leasing options
* Secure & negotiate a lease in Salisbury, Brisbane
* Lease surplus space to optimise costs & flexibility
This is how ICP’s national network & local expertise create property solutions that work.
FIND OUT MORE and read other success stories
VIC PROPERTY MARKET REVIEW
MATT O’DEA from FACEY PROPERTY
Market Review – Q1
We hope you have made a great start for 2025. Following a relatively subdued end to 2024, we are seeing improved market confidence across most sectors. There is good appetite from investors and owner occupiers on the proviso that vendors are willing to meet the market and negotiate an outcome. Sellers simply ‘testing the market’ in the hope of achieving an above market outcome are wasting everyone’s time. Buyers generally need some value (now or future uplift) to step forward.
Given the pressure land tax has placed on property owners, it is surprising that we haven’t seen more supply come into the market. The preferred strategy is to factor land tax into future market reviews and hold onto the asset. Ultimately industrial assets remain very hard to replace and remain steadfast investments for the long term. Tenants need to adjust to this new normal, which will probably lead to increases to their goods and services payable by the end user. Base rents have been generally stable however we are seeing some minor reductions for certain properties. This is balanced out by a spike in the cost of outgoings. Tenants are educating themselves on rental rates before renewing leases, and often remain in place once they understand their existing premises is not out of step.
Investment yields remain tighter than forecast, with many deals still being transacted below 5%. This trend is being driven by cash buyers but also the transacting of assets with rent reversionary attributes. Investors with finance obligations are still seeking returns in the 5-6% range.
Please reach out if we can assist further.
“There is good appetite from investors and owner occupiers...” Matt O’Dea, Facey Property
FOR SALE THE ULTIMATE INDUSTRIAL SOLUTION
9 Nissan Drive, DANDENONG SOUTH, VIC
Expressions of Interest closing on Tuesday 8th April at 3pm.
• Rear hardstand yard
• High power supply
• Multiple roller doors
This versatile office/warehouse includes a 2,900m² fully fenced rear hardstand yard, multiple roller doors, substantial power supply, and a 350m² rear canopy. The office features a reception, boardroom, partitioned offices, open-plan areas, lunchroom, and amenities. Ideally located near Eastlink, Princes Highway, and Monash Freeway, the property supports efficient access and operations. Currently leased on a monthly overholding basis, it generates $195,000 per annum plus outgoings and GST, offering flexibility to purchase with income or secure vacant possession. A rare opportunity in one of Dandenong South’s premier industrial precincts.
Mark Bond 0419 386 882 mark.bond@faceyproperty.com.au
FOR SALE VERSATILE SPACE: DISPLAY YARD, SHOWROOM & WORKSHOP
31 Commercial Drive, Pakenham VIC
$7,250,000
• 1,546m² building
• 6,157m² land, fully fenced
• Showroom/workshop and display yard
This one-of-a-kind, purpose-built facility is located in the highly sought-after Southeast Business Park, strategically positioned among leading automotive businesses, including Toyota, Ford, Mazda, Barry Bourke Motors, and Car Megamart.
Designed to impress with unparalleled versatility and functionality for your business. The property spans a total site area of 6,157m² and includes a 1,546m² facility. The facility features a 515m² modern air-conditioned showroom, 112m² of office and amenities space, 223m² of spare parts storage, a 696m² workshop, and 113m² of undercover wash bays. The entire site is fully fenced and secure, with all areas covered in concrete or hardstands, making it ideal for a display yard.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR SALE LAND OF OPPORTUNITY
5-7 Gifford Avenue, FERNTREE GULLY VIC
$2,000,000
• 2,044m² block on two titles
• Potential redevelopment site
• Central Ferntree Gully location
Occupy or develop - this is an outstanding opportunity to secure an underutilized site in the heart of bustling Ferntree Gully.
The property features a 424m² brick structure consisting of two buildings, each with its own office and amenities. Sitting on two blocks totaling 2,044m², this prime site is available with vacant possession, offering endless possibilities for immediate use or future development.
A rare chance to secure a property with exceptional potential in a high-growth location. Don’t miss out on this opportunity.
FIND OUT MORE ABOUT THIS PROPERTY
LAND
2,044 sqm
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
Adam Strachan 0499 419 890
adam.strachan@faceyproperty.com.au
FOR SALE PERFECT PAKENHAM OPPORTUNITY
Lot 3, 30 Commercial Drive, PAKENHAM, VIC
• Land area: 7,184 sqm
• Excellent exposure to major intersection
• Prime industrial development opportunity
This rare 7,184 sqm* industrial-zoned landholding is one of the last undeveloped blocks in the sought-after Southeast Business Park. Positioned alongside major brands like Mazda, Car Megamart, Toyota, and Australia Post, it offers unbeatable exposure to the Princes Freeway and Koo Wee Rup Road. Ideal for automotive or industrial showroom development, this is a prime opportunity in a tightly held industrial precinct
EXPRESSIONS OF INTEREST Closing Tuesday 18th March at 2pm LAND AREA
7,184 sqm CONTACT
Adam Martin 0409 357 352
adam.martin@faceyproperty.com.au
Josh Kendall 0418 322 443
josh.kendall@faceyproperty.com.au
FOR LEASE NEED MORE SPACE? OFFICE WAREHOUSE WITH HUGE YARD
23 Jamieson Way, DANDENONG SOUTH, VIC
$546,363 pa
• Hardstand yard of 5,046m²
• Full drive around facility
• Flexibility with 9 roller doors
This exceptional facility is a rare offering with excellent features including the bonus of a HUGE YARD. It comprises 470m² * of A-grade air-conditioned offices across two levels, ample staff amenities and a 4,400m² * clear-span, LED-lit warehouse. The warehouse is further enhanced by a 7.8m - 8.8m * internal clearance and 9 electric roller doors (7m wide x 5.5m high) *, providing the future occupant with unbeatable vehicle and container access.
Externally the property features an expansive concrete hardstand area of 5,046m² * ideal for all types of storage type but importantly perfect for containers. A concrete apron around the entire premises provides drive around capability. Canopies, totaling 1,080m² * protect the entire southern and western warehouse walls and roller doors.
FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Josh Kendall 0418 322 443
josh.kendall@faceyproperty.com.au
Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
FOR LEASE A BEACON FOR SUCCESS
8-9 Becon Crt, Hallam VIC
$180,000 pa
• 41 KW solar system - 164 panels
• Extensive mezzanine and racking systems
• Clean/tech/laboratory specific rooms
This sprawling industrial warehouse complex is ideal for savvy tech/laboratory/dust-free operations and offers excellent position, presentation and quality features.
An expansive high clearance 856m² warehouse provides bonus mezzanine space and leads through to a 179m² sectioned clean room facility. An additional partitioned office space (approx. 279m²) offers multiple offices, boardrooms, meeting rooms and reception areas, all air-conditioned. Circling back, you swing by a well-equipped staff kitchen meals/amenity zone, which provides an outdoor manicured garden setting and eating area.
FIND OUT MORE ABOUT THIS PROPERTY
2,622 sqm
Mark Bond 0419 386 882
mark.bond@faceyproperty.com.au
David Politakis 0448 726 313
david.politakis@faceyproperty.com.au
FOR LEASE SUPER CONNECTED WAREHOUSE
Assembly Drive, DANDENONG SOUTH VIC
AGENT FOR RENTAL
• 24/7 access and operations
• Super awning 2563m2
• B Double access
• One-way vehicle circulation for trucks and cars
• Ample on-site car parking for staff and visitors
• High quality office accommodation and staff amenity
Facey Property are pleased to present 103 Assembly Drive, Dandenong South. Just completed this State of Art facility boasts excellent connectivity to Melbourne’s major arterials. Within the the master planned Estate One Business Park. Neighbours include Bunnings, Woolworths, BWS, Ceva Logistics, Garden City Plastics, and General Motors Holden.
Abutting South Gippsland/ Monash Freeway the access to this super site is seamless with one set of lights to Monash Freeway (M1), South Gippsland Freeway, Princes Highway and Westernport Highway. Please find more details here.
FIND OUT MORE ABOUT THIS PROPERTY
mark.bond@faceyproperty.com.au Matt O’Dea 0448 566 556
matt.odea@faceyproperty.com.au
NSW PROPERTY MARKET REVIEW
“...The Sydney industrial property market is facing a period of subdued demand....”
Matthew Herrett, Link Property Services
The Sydney industrial property market is facing a period of subdued demand, with both leasing and sales activity experiencing significant headwinds.
While enquiry levels remain steady for smaller industrial spaces, demand for larger facilities (2,500sqm+) has been notably impacted by broader business sentiment. Companies are exercising caution, leading to prolonged transaction timelines and a hesitancy to commit to new leases or purchases.
Leasing Market Trends
Leasing demand across all size brackets has softened, but particularly in the mid-to-large scale industrial sector. Many prospective tenants are “testing the waters” but ultimately opting to renew with their existing landlords rather than making a move. This dynamic is creating challenges for landlords, as limited lease take-up is putting downward pressure on rental values.
As a result, rental incentives are increasing, leading to the emergence of a two-tiered market between institutionally owned assets and privately owned properties. In Western Sydney, for example, comparable industrial properties are showing significant discrepancies in both face rents (a 10-15% variance between private and institutional landlords) and incentive levels, which can range from 8% in private holdings to as high as 15-17.5% in institutionalgrade assets.
The thin leasing market is also contributing to an increasing supply of available stock, further challenging landlords who need to remain competitive to secure deals.
Investment & Owner-Occupier Sentiment
The sales market is also experiencing a slowdown, with owneroccupiers taking a more measured approach to purchasing. While capital remains available for acquisitions, businesses are holding back, citing concerns over macroeconomic and geopolitical uncertainty. Factors such as a looming federal election, persistent inflationary pressures, and a historically strong labour market are all weighing on confidence. This cautious sentiment is delaying investment decisions and contributing to a sluggish transactional environment.
Strategic Recommendations for Owners & Investors
In this evolving landscape, landlords and vendors must adopt a proactive and creative approach to securing deals. With demand hesitant and transaction timelines extending, any genuine enquiry must be treated as a priority. Strategies to consider include:
• Competitive Incentives: Tailoring lease incentives to attract and retain tenants in a price-sensitive market.
• Flexible Lease Terms: Offering short-term leases or expansion clauses to accommodate business uncertainty.
• Aggressive Negotiation: Engaging decisively with serious buyers or tenants to prevent deals from stalling.
• Market Differentiation: Leveraging asset quality, location advantages, and value-add opportunities to stand out in a competitive marketplace.
While the Sydney industrial market remains fundamentally strong, the current cycle demands a shift in strategy. Those who can adapt quickly and aggressively position their assets will be best placed to capitalise when confidence returns.
FOR SALE STRATEGIC 7,175 SQM INDUSTRIAL PARCEL IN LEPPINGTON
2 Achcar Close, Leppington, NSW
For sale by Expressions of Interest, closing at 12 noon on Friday 14 March 2025.
• Fully serviced and benched
• Prime location
• Part of Leppington Town Centre Masterplan
2 Achcar Close, Leppington is strategically located in one of Sydney’s fastest-growing industrial precincts. Offering excellent connectivity, it is 9kms away from the M5 & M7 Motorways, providing easy access to major road networks across the region.
Prime industrial land located in the heart of Leppington. Fully serviced and benched ready for immediate development, offering a level, prepared site in close proximity to Sydney’s Motorway network as well as Leppington Railway Station.
FOR SALE FULLY SERVICED LAND - AUSTRAL
140 Gurner Road, Austral NSW
• Lots from 2,564 sqm
• All lots are fully serviced
• Limited lots available
140 Gurner Avenue, Austral, offers a range of essential features, making it a prime location for development. All lots are equipped with power, water, sewer, stormwater, and NBN connectivity, ensuring seamless infrastructure for various business needs. Zoned as IN2 Light Industrial, the site provides flexibility for a variety of industrial and commercial uses. With multiple future development options available, this property presents a valuable opportunity for investors and businesses looking to establish or expand their operations in a well-serviced and strategically located area. LAND AREA
From 2,564 sqm
Michael Mileto 0410 697 393
michael.mileto@linkps.com.au
Paul Mileto 0406 535 569
paul.mileto@linkps.com.au
FOR LEASE ALEXANDRIA -
O’RIORDAN STREET SHOWROOM
• Huge O’Riordan Street exposure
• Air-conditioned showroom
• Suits a variety of users
• Loads of parking
• Bulky good potential
FIND OUT MORE ABOUT THIS PROPERTY
Ideally located on the bustling O’Riordan Street in Alexandria, this freestanding character building offers unparalleled exposure in a high-profile commercial precinct. The property is situated amidst a thriving automotive hub, with major showrooms such as Trivett, Ford, Mazda, Honda, Bentley, Land Rover, and Nissan just a stone’s throw away. With excellent access to major roads and public transport options, this location offers great connectivity and visibility for any business. BUILDING AREA 88-92 O’Riordan Street, ALEXANDRIA NSW 753 - 3,116 sqm
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
FOR LEASE WELL-POSITIONED OFFICE & WAREHOUSE COMPLEX
Auburn Central Estate, 1A Queen Street, Auburn NSW
CONTACT AGENT FOR PRICING
• 2 buildings available 2,613 sqm & 3,200 sqm
• Multiple roller shutters for access
• Excellent loading & unloading
Located just 400m from Auburn town centre and the train station, Auburn Central Industrial Estate offers a highly accessible and functional industrial space. The estate features regular-shaped buildings with multiple roller shutters for easy loading and unloading, carpeted and air-conditioned office spaces, and a full range of amenities. Buildings B & C also include a significant awning for undercover loading. With its prime location near St Hilliers Road and the M4 Motorway, this estate is ideal for a variety of industrial uses.
FIND OUT MORE ABOUT THIS PROPERTY
BUILDING AREA
2,613 – 3,200 sqm
CONTACT
Elliot Martin 0438 383 007
elliot.martin@linkps.com.au
Matthew Herrett 0457 383 383
matthew.herrett@linkps.com.au
FOR LEASE
PRIME INDUSTRIAL WAREHOUSE DUPLEX-DUAL
9 GRAzier Avenue, Gregory Hills NSW
• 1,092.3 sqm to 2,184.6 sqm
• 7.3m wide roller doors
• 10m internal warehouse clearance
• Estimated completion May/June
Located in Gregory Hills Industrial Estate, this premium duplex offers two high-quality warehouse units, each spanning 1,092 sqm, with the flexibility to occupy separately or combined. Positioned with direct links to the M5 Motorway, Hume Highway, and key transport routes, it ensures seamless access to Western Sydney Airport and major regional markets. Featuring 10m internal clearance, 7.3m wide roller doors, 40ft container access, and well-appointed amenities across two levels, the property is designed for efficiency. With 27 on-site car spaces, it provides ample parking for staff and visitors. of only two buildings, the property allows for easy access and loading, with dual driveways.
FOR LEASE CENTRAL WESTERN SYDNEY LOCATION
• Available to occupy now
• High quality office fit-out
• ESFR sprinklered warehouse
Located on the northern side of Loyalty Road down the very end of the street. Good feeder access to major arterial roads such as James Ruse Drive, Victoria Road and the M4& M2 Motorways, as well as North Connex. Functional & presentable development comprising 4 units, two of which are on the upper level (Units 1 & 2) and two of which are on basement level (units 3 & 4). Majority of the building area is of concrete panel construction (offices are of brick construction), with steel portal frame and insulated metal deck roof. The warehouse clearance ranges between 5.5 to 6.7m and is accessible via 1 on-grade roller shutter, fully sprinklered with an ESFR system & is clean & tidy. Office space is over 2 levels, being fully carpeted, air conditioned & partitioned. The fit-out & general feel is superb with an abundance of natural light.
383 007
FOR LEASE HIGH CLEARANCE WAREHOUSE PLUS YARD
Unit 10 & 12, 1801 Botany Rd, BANKSMEADOW NSW
CONTACT AGENT FOR PRICING
• Opposite Port Botany
• Generous parking plus yard
• Quality office accommodation
• High clearance warehouse up to 8.1m
• Three container height roller shutters
Unit 10 features internal clearance up to 8.1m and is serviced via three (3) container height roller shutters. The unit also enjoys a rear hardstand area of approximately 913 sqm.
Unit 12 office accommodation is of high quality with street frontage to Botany Road. Ample off-street parking is provided.
BUILDING AREA
Unit 10
Office/warehouse
3,639 sqm
Unit 12
Office
531 sqm
CONTACT
Chris Sully 0439 383 444
chris.sully@linkps.com.au
Artie Kalpidis 0403 383 333
artie.kalpidis@linkps.com.au
QLD PROPERTY MARKET REVIEW
JOHN ANDREW from FAL PROPERTY GROUP
Brisbane’s industrial market is experiencing a rise in vacancy rates, signaling a rebalancing of supply and demand after a period of record-low vacancies. This shift is driven by larger third-party logistics companies adjusting their distribution networks in response to normalized e-commerce demand, with the Southside seeing the highest vacancy levels due to large-format speculative projects. As the market undergoes this transition, stakeholders should approach the coming year with cautious optimism, staying informed and adaptable to navigate the evolving landscape successfully.
Leasing Rates
Leasing activity has remained robust, with gross take-up levels across Australia holding steady. However, the Brisbane southside market has seen a stabilization in prime net face rents, and we’re not seeing rental growth currently. This plateau follows a deceleration observed earlier in the year, marking a departure from the rapid rental growth experienced in previous years. Prime rents on the southside are currently averaging $155-160/sqm for >2,000sqm and $165-175/sqm <2,000sqm.
Incentive Levels
Incentive levels have shown signs of stabilization after a period of increase. Throughout 2024, incentives had risen, effectively doubling in some submarkets since the year before. However more recently, most markets, including Brisbane’s southside, reported no further changes in average incentives. This stabilization is expected to bolster investor confidence and help landlords maintain competitive lease terms.
Sale Rates per Square Meter
The industrial property market has seen a shift in sale rates per square meter. The overall market has experienced a rebalancing, with rental growth halting in major industrial markets, including Brisbane’s southside. This stabilization suggests that sale rates per square meter may also be experiencing a period of adjustment following previous growth.
Sale Yields
Investment volumes in the industrial sector have shown resilience, with a notable increase in activity. In the third quarter of 2024, industrial investments over $10 million reached approximately $2.5 billion, reflecting a strong appetite among investors. This surge in investment activity suggests that sale yields have remained attractive, maintaining investor interest in the market. Yields have remained steady at 5.75%–6.5% for prime-grade assets, with signs of tightening expected as interest rate cuts are anticipated in 2025. Investor sentiment has improved, with institutional buyers increasing their market share in the second half of last year.
Projections for the Next 12 Months
The Brisbane southside industrial property market is expected to stabilize, with vacancy rates holding steady. Leasing rates may see modest growth in areas with low supply, while incentives stabilize. Sale rates per square meter could gradually rise, driven by infrastructure projects and demand. We also expect investors’ appetite to remain strong, especially if further interest rate cuts occur.
“As the market undergoes this transition, stakeholders should approach the coming year with cautious optimism...”
John Andrew, FAL Property Group
FOR LEASE BRAND NEW HIGH VOLUMETRIC CAPACITY WAREHOUSE
• Brand new high bay tilt panel 5,945sqm
• Generous internal height 11m+
• Corporate style office 300sqm
• 10m cantilevered awning 800sqm
• Total site area 14,485sqm
• ESFR sprinklered throughout
A brand-new concrete tilt panel warehouse in Heathwood’s fast-growing industrial precinct, offering prime access to major transport routes. It features corporate-grade office space, multiple roller doors, an all-weather loading awning, and heavy-duty hardstand for B-Doubles. The facility is part of a well-planned, landscaped complex with a dedicated car park.minutes from both Brisbane Airport and the Brisbane CBD, providing exceptional connectivity.
FIND OUT MORE ABOUT THIS PROPERTY
FOR LEASE WAREHOUSE WITH FANTASTIC ARTERIAL ACCESS
Lot 227, 223-245
Orchard Road, RICHLANDS QLD
FOR LEASE - $140/sqm Net + GST
• High bay warehouse 3,735sqm
• 4 x grade container height roller doors
• Large all-weather awning
• B-Double drive around access
• Three phase power
• Hardstand for container set down
Located in the industrial hub of Richlands, 13km from Brisbane’s CBD, this property has excellent arterial connections to via the Centenary, Ipswich & Logan Motorways. This facility features a high bay warehouse with air-conditioned office space, three phase power, large awning for all weather loading and easy B-Double access, making this the idea transport or logistics distribution base.
FOR LEASE LOGISTICS FACILITY - DIRECT MOTORWAY ACCESS
15-29 Blunder Road, OXLEY QLD
• Clear span high bay warehouse 4,084sqm + corporate office 273sqm
• Huge awnings for all weather loading 440sqm
• B-Double drive through access
• Multiple container height roller doors
• K12 / ESFR Sprinklered
• Flood free site with ample onsite parking
Located in Oxley’s industrial hub, 15km from the CBD, this property offers prime access to the Ipswich Motorway and high exposure on Blunder Road. It features data-connected offices, a clear-span warehouse with natural light, multiple roller doors, large awnings, and a sprinkler system. The security-fenced site includes a spacious concrete hardstand for truck maneuvering, 6m high electric roller doors, and ample onsite parking.
FOR LEASE ESTATE NOW COMPLETE AND READY FOR OCCUPATION
142-172 Sherbrooke Rd, WILLAWONG QLD
CONTACT AGENT FOR PRICING
• New warehouses ranging from 2,070sqm to 14,080sqm
• Architecturally designed with a height of 13.7m
• Electric container height roller doors
• Recessed docks & 10m cantilevered awning
• Exclusive heavy duty hardstand
• Drive around access & multiple crossovers
Located in Willawong’s growing industrial hub, 20km from Brisbane’s CBD, this new build offers prime access to major motorways. Adjacent to key industrial areas, it features high-bay concrete tilt panel warehouses, exclusive heavy-duty hardstand, and easy truck access with drive-around capability and multiple crossovers.
0488 018 998
SALE RARE OPPORTUNITY, FULLY EQUIPPED MEDICAL SUITE WITH INCOME
• Computers, phones, printers, surgical lights included
Seize this exceptional chance to own a turnkey opportunity in the highly sought-after, blue-chip suburb of Taringa. Perfectly positioned within a thriving network of established medical professionals, this fully operational facility is ready for immediate use.
Building 6G, 2728 Logan Road, EIGHT MILE PLAINS QLD $450/sqm Net + GST
• Open-air and secure basement parking options
• Flexible layout with customizable reconfiguration
• Energy-efficient and sustainable building design
This premium top-floor office space offers modern amenities, sustainability, and excellent accessibility within a secure, gated office park. Surrounded by native bushland and a natural creek, it provides a tranquil setting with an on-site café. Fully furnished with a mix of open-plan workstations and private offices, it features a panoramic reception, IT-ready fibre connectivity, and prime signage visibility with freeway exposure.
26 Colebard Street West, ACACIA RIDGE QLD
$150/sqm Net + GST
• 3 x 3.2T overhead gantry cranes
• Roller door access from all sides
• Dual crossovers with full drive-around capability
• Expansive hardstand area
• 3-phase power
• Located in a flood-free zone
Just 15km south of Brisbane CBD, this facility offers prime transport access. It features a 3,511sqm high-clearance warehouse with gantry cranes, a 235sqm office, roller door access on all sides, dual crossovers, full drive-around capability, and a spacious hardstand.
• Development Approved
• Additional Income Potential
• Strong Growth Area
This rare 3,483sqm site in Albany Creek has Development Approval for a 228-unit self-storage facility, including vehicle access, 14 car parks, and acoustic landscaping. A 98sqm commercial unit offers rental potential. Just 15km north of Brisbane CBD, it boasts high visibility, strong connectivity, and excellent investment potential.
WA PROPERTY MARKET REVIEW
DAVID LAMB from MLV REAL ESTATE
Western Australia has again topped CommSec’s State of States for the December quarter, leading the nation in five of the eight economic indicators. WA ranked first in retail spending, relative unemployment, housing finance and dwelling starts, underpinned by the highest relative population growth.
The Industrial market continues to perform strongly, with rental and capital growth within this sector outpacing the office and retail sectors. There continues to be a shortage of industrial accommodation (both for lease and sale) within the core and secondary markets, particularly for properties with lot sizes in excess of 4,000sqm. Transport, Logistics and Manufacturing facilities are still keenly sought.
The continued shortage of supply of quality industrial accommodation is having an upward influence on rents, particularly within the “core” industrial precincts. The slight softening of yields over the past 6 months is largely attributable to rental growth, with capital values holding steady.
With the recent easing of the cash rate by the RBA, the likelihood of improving affordability will likely strengthen demand further, particularly from the owner occupier sector. Investor demand, which includes a significant amount of enquiry from interstate, remains strong, however the level of transactional activity is being stymied by the low number of investment grade assets being put to market.
Looking forward, we anticipate some easing in construction costs and finance costs will improve the feasibility of new projects. Given the pent-up demand that exists, upward pressure on capital values and rents is expected to continue in the short to medium term.
“With the recent easing of the cash rate by the RBA, the likelihood of improving affordability will likely strengthen”.
David Lamb, MLV Real Estate
111 BURSWOOD ROAD, BURSWOOD, WA
$3,150,000 (GOING CONCERN)
• Complete refurbished open plan office (WITH HOLDING INCOME)
• Vibrant locale
• Rear access way
The site offers the potential developer a fantastic location on the doorstep of the Perth, CBD. The existing improvements are completely refurbished. Externally, the property has a new façade, new bitumen paving, at the front of the property and new security fencing allowing for 9 exclusive car bays off Burswood Road. Rear of the property has an additional 25 car bays available ($150 plus GST per car bay per month).
Matthew Crofts
0409 572 773
mcrofts@mlv.com.au
Charlie Lamb
0488 551 052
clamb@mlv.com.au
FOR LEASE RARE OPPORTUNITY TO JOIN LEADING OPERATORS
3/47 mews road, fremantle, WA
$85,000 P/A + GST + OUTGOINGS
• Opportunity to lease restaurant/showroom
• Great exposure
• Ready to operate
The landmark “Fisherman’s Co-Operative” building at 47 Mews Road, Fremantle has undergone a series of renovations and additions which has revitalised the building and enhanced the surrounding precinct. The works have included, the renovations to the development and the extension to the west from its existing alignment to incorporate a new bistro and upper bar into the premises. Rare opportunity to lease tenancy 3 which includes the extension of a canopy adding to the tenancy.
FIND OUT MORE ABOUT THIS PROPERTY
252 sqm
Stefan Quaresimin
0421 929 686
squaresimin@mlv.com.au
David Lamb
0411 597 952
davelamb@mlv.com.au
FOR LEASE RECENTLY REFURBISHED OFFICE / WAREHOUSE
7 Chullora Bend, JANDAKOT WA
$125,000 P/A + GST + OUTGOINGS
• Recently refurbished and well presented 781 sqm office / warehouse
• Corner location freehold development on 1,169 sqm
• Zoned light and service industry
The warehouse provides concrete floors and footings with concrete tilt-panel elevations and a steel roof. There are two roller doors on two separate elevations fronting Chullora Bend which provide access directly from the street. There is parking provided on site for approximately 13 cars which are located beneath the office accommodation. It features a high truss, is clear span and features a bonus mezzanine providing additional storage.
Constructed over two levels, the office component is well presented and of a high standard for the area.
Stefan Quaresimin 0421 929 686
squaresimin@mlv.com.au
Charlie Lamb 0488 551 052
clamb@mlv.com.au
FOR LEASE QUALITY WAREHOUSE/OFFICE
72A Irvine Drive, MALAGA WA
$65,000 P/A + GST + OUTGOINGS
• Ideally located for a small business
• Signage opportunity to Irvine Drive
• Ample onsite parking
Fronting Irvine Drive, this premises is ideally located for a small business. The premises includes office/showroom of 150sqm at the front of the building and has direct access to the 300sqm warehouse which is also accessible via roller door.
Utilise this strategic location which is in close proximity to an arterial road network being 825* from Alexander Drive, 1.7km from Reid Highway, 3km from Tonkin Hwy and 10.5km from the CBD. This warehouse/office/showroom offers a variety of benefits to a business/individual looking to utilise its strategic location.
CONTACT
David Lamb
0411 597 952
davelamb@mlv.com.au
Matthew Crofts
0409 572 773
mcrofts@mlv.com.au
6 Opportunity Street, WANGARA
• Land: 2,569 sqm
• Building Area: 1,530 sqm
• Concrete paving/lay down area
• Good access
Entrance to the building is via a single doorway to the reception, which gives access to open plan office. The warehouse includes concrete floors, concrete tilt slab walls and metal roof. The warehouse facility, which adjoins the office, and is free from columns, has a trust height of approximately 8 metres, includes three roller doors with a width of 4.5 metres and a height of 6 metres.
$230,000 P/A + GST + OUTGOINGS FIND OUT MORE ABOUT THIS PROPERTY
CONTACT
Matthew Crofts
0409 572 773
mcrofts@mlv.com.au
Charlie Lamb 0488 551 052
clamb@mlv.com.au
FOR LEASE OFFICE/WAREHOUSE/SHOWROOM WITH WELSHPOOL RD EXPOSURE
135 Welshpool Road, WELSHPOOL WA
• A high exposure development situated on one of Perth’s most sought-after Industrial Roads
• The warehouse includes a truss height of approximately 6.0 metres and in good condition
• Bitumen parking to the front of the showroom and a bitumen driveway to the western side of the property
A high exposure office/showroom/warehouse development . Construction includes concrete floors, brick and iron clad elevations and an iron roof. The office/showroom improvements have a total area of 294 sqm and include laminated and carpeted floors, aluminum framed entry door, air conditioning and painted walls with suspended ceiling.
The warehouse has a total area of 679sqm and includes concrete floors, concrete clad elevations and iron roof. Access to the warehouse is via a 4.5 metre roller door from the rear of the complex.
