1-31 Murray Rd, Welshpool Sold

Following a highly successful marketing campaign, a much sought after development site in Welshpool has been sold by Cygnet West, formerly Colliers.

1-31 Murray Road South, comprises 2.225 hectares of land located between Welshpool and Orrong Roads. The site enjoys significant frontage to Welshpool Rd and is only minutes to both Leach and Roe Highways providing excellent access to greater Perth. The property boasts over 350 metres of street frontage across Murray and Welshpool Roads.

Selling agent, Greg O’Meara from Cygnet West, said:
‘The marketing campaign attracted widespread interest from a host of industrial developers and owner occupiers. After a 4 week ‘closing date’ marketing campaign, we received no less than 10 offers to purchase, most of which were probably strong enough to have done the deal. However, there was a clear winner and Buyer and Seller are both delighted at the outcome’.

The property has been purchased by an owner/occupier from the Eastern States at a rate of ‘north of $400 per sqm’ who will develop a state-of-the-art logistics facility for their business.

‘The response to the campaign is a clear message that the industrial market is stronger than ever, with development opportunities thin on the ground’, Mr O’Meara said.