Strong Buyer Demand Drives 4% yield on 13 King Street, Bayswater sale

Cygnet West as joint agents with The Property FirM are pleased to announce the successful sale of 13 King Street, Bayswater to a local investor, who has previously acquired industrial land through Cygnet West.

The campaign attracted substantial interest, generating over 10 offers within a two‑week period. Demand was driven by the property’s strong fundamentals and its compelling value‑add potential.

Set on a generous 2,428sqm green‑title landholding, the site offers future subdivision potential into strata‑titled lots, unlocking flexibility for staged future sales or diversified tenant structures. With leases expiring over the next 1–3 years, the buyer can leverage Perth’s strong industrial market by implementing a strategic re‑leasing program to reset rents and enhance the asset’s overall income profile.

Flexible ‘General Industry’ zoning further enhances tenant appeal and provides scope for future redevelopment, expansion, or repositioning strategies.

The property sold for a price of $3,105,000 (GST exempt), reflecting a yield of approx. 4%.

“We received well over 100 enquiries within a two‑week period on market, highlighting the continued high demand for industrial assets throughout Perth. Bayswater remains one of the most competitive industrial precincts in the metropolitan area, and this sale reflects the strength and depth of investor appetite.” Teá Webb, Executive | Commercial Agency, Cygnet West

“It has been an absolute pleasure to facilitate the successful sale of 13 King St in Bayswater for an outstanding sales result. With a very strong market in the Industrial sector more properties are urgently needed to satisfy both Investor and Tenant demand.” Iris Bryder, Licensee | The Property FirM.