This article is from the Australian Property Journal archive
THE new $120 million Tonkin Highway Industrial Estate in Bayswater, Perth has secured more than $25 million in sales prior to coming on the market.
Raine & Horne Commercial director Anthony Vulinovich has sold 28 lots in the 36-hectare estate.
“Prior to release on the open market this week, we undertook a short off-market sales campaign with selected buyers. There was a very high level of uptake from those approached, resulting in 28 sales of lots ranging from 1,110 to 20,000 sqm.
“The Tonkin Highway Industrial Estate represents a one-off opportunity for corporates, owner-occupiers, developers and investors to secure affordable industrial land within a landscaped business park just 8 kilometres from the Perth CBD, and on one of the city’s main logistics routes. It’s Perth’s best-located industrial estate,” Vulinovich said.
“Given the shortage of zoned industrial land close to the Perth CBD with access to key road networks, the remaining lots within the Tonkin Highway Industrial Estate provide a rare and exciting investment opportunity,” he added.
Tonkin Highway Industrial Estate is being developed by WA-based Linc Property.
“We have been interested in the redevelopment of this site for more than 10 years. This is a very rare opportunity to acquire centrally located industrial land, and we have been extremely pleased with the level of commitment and strong interest pre-launching the open market campaign,” Linc director Ben Lisle said.
Australian Property Journal
