Raine & Horne Commercial selling Perth industrial land on Swan Brewery estate

Raine & Horne Commercial selling Perth industrial land on Swan Brewery estate
Raine & Horne Commercial selling Perth industrial land on Swan Brewery estate

The Swan Brewery Industrial Estate in Perth's Canning Vale has achieved sales worth $70 million, with Stage 1 and 2 settlements now finalised.

Starting from August 2014, 55 lots totalling 14.7 hectares have been sold through Raine & Horne Commercial.

“The sale rates of Stages 1 and 2 reflect the strong demand for reasonably priced, well-located industrial land within Perth’s core 20 km inner transport ring,” said Raine & Horne Commercial WA director and selling agent Anthony Vulinovich.

Buyers included industrial developers, owner-occupiers and investors, he added.

Canning Vale is one of Perth’s most desired industrial precincts to the city’s south and has excellent transport infrastructure.

The estate has been developed by Linc Property, Perth’s largest private developer of industrial lots.

Following the success of Stages 1 and 2, they are now going ahead with the release of Stage 3 into the market.

The 12 smaller lots range from 1,100 square metres to 4,000 square metres, while three range from 1.1 to 2.1 hectares." 

“We have already secured a number of sales off-market," Ben Lisle, director of Linc Property. “We expect strong interest from both developers and larger owner-occupiers looking to achieve a long-term position.”

Stage 3 civil works have started with titles expected at the start of 2016.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Industrial Commercial Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?