Located at 59-87 Pilbara Street, Welshpool, the 19,090sqm estate sits on a 3.1Ha corner site and is set on one of Perth’s most high-profile corner locations, on the corner of Orrong Road and Pilbara Street.

The estate was developed between the 1970’s and 2000 and provides a multi-tenanted estate with repositioning opportunities. Major tenants include GPC, Forest One, All Pet, DIAB Engineering & Scania.

The off-market transaction was brokered by Matthew Hopkins, Michael Wall and Michael Fenton of Savills Australia, who said Perth’s industrial investment market continues to be one of the most tightly held sub-markets nationally and sales of this scale are rare.

According to Matthew Hopkins, Director, Industrial and Logistics at Savills Australia, with record low vacancy levels and strong tenant demand, the estate is ideally positioned for future growth, on completion of the purchasers intended works programme.

“Being set in the absolute core of Perth’s primary industrial precinct, the estate is ideally positioned to capitalise on the current rental growth being seen across Perth’s industrial market and low vacancy rates.

“Opportunities to secure tenanted estates in Perth’s core industrial precincts are rare. This property offers repositioning opportunities and an established tenant base to build on.”

Mr Hopkins went on to say that Arrow Capital Partners was drawn to the attractive tenant mix and absolute prime location. Once they have implemented their planned repositioning works, the estate will be further improved and capitalise on its extensive frontage to Orrong Road, Perth’s primary eastern distributor.