A substantial warehouse and workshop property, positioned within the Malaga industrial precinct, one of the most well established and sought after industrial areas in the Northern corridor of Perth, is being marketed for lease or sale, providing multiple options for both tenants and buyers to secure building areas to suit their specific needs.
Located at 376 Victoria Road, Malaga on a total site area 20,380sq m*, the Northern site area comprises Units 1-4 with a total building area of 6,140sq m* on a 13,200sq m* site and the Southern site area comprises Units 5 and 6, providing a building area of 4,153sq m* on a site area of 7,180sq m*.
According to appointed agents Matthew Hopkins and Ben Widdowson of Savills Industrial & Logistics, the site layout facilitates drive round and drive through access, offering a variety of potential configurations to suit a wide range of owner occupiers, investors or developers looking to acquire a coveted slice of property in Malaga.
Matthew Hopkins, Director, Industrial & Logistics at Savills Australia said “The improvements are both functional and affordable, with an opportunity to create two titles through a sub division. Units 1-4 are available for sale with vacant possession or available for lease from $55.00 per square metre per annum plus Outgoings and GST and are available on flexible terms in part or as a whole.
“Units 5-6 are leased on a five-year term, at a current net annual passing rental of $267,000 per annum plus Outgoings and GST and are available to purchase in isolation or as part of the whole site,” he said.
Ben Widdowson, Director, Industrial & Logistics at Savills Australia said “The property benefits from dual street frontage to Victoria Road and Beringarra Avenue and is within 1km* of the Reid Highway, facilitating fast access to Perth’s major arterial road network and other established industrial suburbs to the north and east of the city.
“The property is situated just 14 kilometres* north of the Perth CBD and is within minutes of the new Reid Highway and Tonkin Highway intersection, which forms part of the new NorthLink WA road network,” he said.
*Approximate