This article is from the Australian Property Journal archive
A BALCATTA industrial facility in Perth, that is fully leased to four tenants has changed hands for $1.89 million.
Franco Gangemi of Axia Corporate Property sold 12 Macadam Place in Perth’s northern suburbs, located between Reid Highway, Balcatta Road and Erindale Road, and close to Wanneroo Road and Mitchell Freeway.
The 3,171 sqm corner site has a complex of four adjoining office and warehouses with a combined 1,000 sqm building area, and returns around $92,500 per annum net, at a circa 4.89% yield.
It was marketed with future development potential and has a total frontage of 117 metres.
Australian Property Journal
