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Cushman & Wakefield - PERTH

6-8 Geddes Street & 5 Kenhelm Street Balcatta, WA 6021

Directions

6-8 Geddes Street & 5 Kenhelm Street,
Balcatta, WA 6021

Warehouse, Factory & Industrial

Price information

Sale - Expression of Interest

EOI Closing 4pm AWST Wednesday 30 October 2024

Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Private inspections

to arrange a private inspection.
Cushman & Wakefield - PERTH
Ross Palframan
Nick Goodridge

Cushman & Wakefield - PERTH

Level 14, 225 St Georges Terrace
PERTH, WA 6000
Cushman & Wakefield - PERTH
6-8 Geddes Street & 5 Kenhelm Street
Balcatta, WA 6021

Map of 6-8 Geddes Street & 5 Kenhelm Street

Directions
  • Train stations within 5 km of 6-8 Geddes Street & 5 Kenhelm Street, Balcatta, WA 6021Distance
    Warwick Station3 km
    Stirling Station3.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 6-8 Geddes Street & 5 Kenhelm Street, Balcatta, WA 6021Distance
    Balcatta Rd Before Geddes St85 m
    Balcatta Rd After Geddes St143 m
    Balcatta Rd Before Foley St303 m
    Balcatta Rd After Vasto Pl352 m
    Natalie Wy Before Delawney St481 m
    POWERED BY HERE ©
POWERED BY HERE ©

Major Balcatta Value-Add Opportunity

  • Huge Balcatta Land Holding
  • Immediate Development Opportunity
  • Secure Income Leased to Metcash
Cushman & Wakefield is excited to present Western Australia’s premier value-add industrial opportunity for 2024, offering to the market 6 - 8 Geddes Street and 5 Kenhelm Street, Balcatta.

Located in the esteemed Balcatta submarket, this unique and scalable investment opportunity offers investors & developers, and strategically positioned owner-occupiers the opportunity to take a significant foothold in Perth’s most sought after Industrial & Mixed Business precinct.

Key Asset Features

- An irreplaceable 22,794 sqm* site across three titles, featuring dual street frontages on Geddes Street and Kenhelm Street.
- Leased to Metcash Food & Grocery Pty Ltd, operating as a “Campbells Cash & Carry” Wholesale Market, with an additional monthly hardstand lease to Bomax Plant Hire Pty Ltd.
- Two-year WALE (as of 18 December 2024) across the Metcash lease (no option applicable) with an additional monthly hold over lease at 5 Kenhelm Street.
- Net passing income of $1,013,259* p.a. (as of October 2024) over the Metcash lease area, plus an additional $38,000 p.a.* from the monthly tenancy at 5 Kenhelm Street.
- Positioned in a high-value, revered inner northern industrial & mixed business precinct with no future land supply, reinforcing the areas undisputed reputation as one of the most tightly held industrial precincts in Perth’s metropolitan area.
- Genuine last mile location given proximity to densely populated surrounding residential corridor, supported by a population of 1.5 million* people within a 30 minute* drive and reflecting a retail expenditure catchment of $27.1 billion*.
- Incredible repositioning and redevelopment potential, supported by existing lease structures, multiple titles, and the configuration and quality of improvements.

6 - 8 Geddes Street & 5 Kenhelm Street, Balcatta is being offered for sale through Expressions of Interest closing 4pm AWST Wednesday 30 October 2024.

For further details or to gain access to the Intralinks data room, please contact the exclusive selling agents.

*Approx.

Property ID: 504703184Last Updated: 3 Oct 2024

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