SectorIndustrial
StateWA
Acquisition price$10,875,000
Current yield9.182%
Land area (sqm)38,100
Rate ($/sqm)$1,158
Office (sqm)528
Warehouse (sqm)10,440
Total (sqm)10,968
Office %5%
Site coverage29%

Property Overview

5 & 13 Wood Street, Bassendean, Perth is located within the Tonkin Industrial Estate in the residential suburb of Bassendean, located approximately five kilometres from Perth Airport and 11km to the Perth CBD. The property is orientated to the north eastern alignment of Wood Street.

Surrounding development comprises similar scale industrial properties together with more recent industrial subdivision that provides modern office warehouse developments.

Local infrastructure includes a complete complement of transport infrastructure, including the nearby railway line, major arterial roads, and public transport options.

A number of major arterial roads are located in relative close proximity to the property, including the Tonkin Highway, Collier Drive and Railway Parade.

13 Wood Street comprises a number of industrial workshop and warehouse buildings, as well as associated office accommodation buildings, plus staff amenities buildings. The buildings were developed in stages over the past 50 years.

5 Wood Street comprises a vacant site with gravel hardstand and is currently utilised as a storage yard that is partially fenced along the perimeter.

The low site coverage offers opportunities to further develop the property.