This article is from the Australian Property Journal archive
A LINFOX Australia depot has entered Perth’s logistics and industrial market, offering investors a chance at a high income generating asset.
The 96,000sqm leased space, located at 3241 Great Northern Highway in Perth’s north-east suburb of Bullsbrook, is being marketed as an investment opportunity to those looking to snap up a high-quality transport facility.
Nick Goodridge, Brett Mathanda and Ross Palframan from JLL Logistics & Industrial, WA have been appointed to sell the property via an expressions of interest campaign.
With the site leased through to January 2026 to the Asia Pacific’s largest privately owned logistics company, Linfox, the facility generates a net passing income of around $1,444,454 per annum.
“As WA’s industrial market continues to build significant momentum off the back of a resurgent and resilient resources sector, we are seeing strong levels of interest from both local and national groups seeking well leased, secure and strategic opportunities,” said Palframan.
“As a result, we expect interest to come from investors chasing solid returns being guaranteed by a strong covenant.”
Sitting on a land holding of around 19.8-hectares, the more than 95,000sqm of storage space also meets FESA guidelines.
The property is also located on one of the state’s most active freight routes, the Great Northern Highway.
“With approximately half of Perth’s road-based freight travelling north along Great Northern Highway and the recently opened Tonkin Highway extension, assets of this nature are critical to improving efficiencies and productivity of the freight network, and rarely become available.”
In Perth’s industrial market, Arrow Capital Partners recently claimed a 3.1-hectare multi-tenanted estate in the heart of Welshpool industrial area for $23.3 million.
The expressions of interest campaign for 3241 Great Northern Highway, Bullsbrook is scheduled to close on 7 September 2021.