Furqan Islamic Association secure office warehouse lease in Perth

The Furqan Islamic Association of Western Australia Inc has snapped up a two-year lease with an option to buy in Perth’s Belmont.

The property at 91 Robinson Avenue comes sits on a 3,865 sqm parcel of land with 1,100 sqm of office/warehouse on the site.

It was leased at the market rate and came with an option to buy.

The property was marketed by Ray White Commercial (WA) Director Chris Matthews.

Mr Matthews said in a slower market, he was able to achieve a result because the property was under-developed and had a large amount of on-site parking.

 
“We listed the property back in January 2018 and were in discussions with the buyer for 17 months before the contract went unconditional."

"To secure the option to buy, the tenant was able to provide terms to show their upfront commitment and high likelihood of exercising their option to purchase the property within the next 12 to 24 months," he concluded.