Perth warehouse/showroom snapped up for $875,000

An off the market sale from Barney Dear of Ray White Commercial Perth saw a warehouse/showroom snapped up in the industrial suburb of Bayswater for $875,000.

At 10 Durham Street, Bayswater, the warehouse is 565 square metres, made of brick and concrete panel, on 1,214 square metres of land.

“We were engaged to sell the property in April of this year. Prior to taking the property to the market we identified a number of possible buyers on our database and notified them that we were listing the property for sale," said Dear.

“Following an inspection with one of the buyers, an offer was received and after a period of negotiation was accepted by the owners."

The sale occurred within five days of the property being listed for sale and saw the contract go unconditional a week later.

It will settle in July - the seller's preference.

Interested parties can look to lease the warehouse from early-July 2014, for $60,000 per annum plus GST and outgoings.