Savills, as exclusive selling agents, are pleased to present to the to the market a large-scale industrial landholding in Bibra Lake, Western Australia for sale by Expressions of Interest.The property comprises a freehold title of 22,160sqm* on a rectangular shaped block which fronts onto the B-double rated Wellard Street on the eastern side of the property. With 'Industry' zoning, 25 Wellard Street also benefits from a flexible range of development options for the lot.Key highlights at this opportunity include:- Workshop area 2,635sqm*- Refurbished two-storey office/amenities 790sqm*- Unsealed 14,000sqm* dedicated hardstand area- Dual crossovers to Wellard Street- Drive-around access- Light-duty gantry cranes- Three-phase power - Multiple sliding doors- Zoned 'Industry'- Mezzanine storage area Strategically located within Perth's southern corridor, 25 Wellard Street presents itself an opportunity for occupiers and developers alike to secure a substantial holding in the core southern industrial submarket of Bibra Lake. The property is located on Wellard Street, with access to Spearwood Avenue in the east and Stock Road in the west, both of which provide excellent proximity to Perth's southern freight and oversized corridor, as well as other key southern metropolitan industrial precincts.25 Wellard Street, Bibra Lake is for sale by way of Expressions of Interest, closing 2pm 30 October 2024 (WST).To discuss this opportunity further, please contact the exclusive selling agents.*Approximate
The size of Bibra Lake is approximately 12.8 square kilometres. It has 19 parks covering nearly 32.9% of total area. The population of Bibra Lake in 2011 was 5,954 people. By 2016 the population was 5,890 showing a population decline of 1.1% in the area during that time. The predominant age group in Bibra Lake is 50-59 years. Households in Bibra Lake are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bibra Lake work in a professional occupation. In 2011, 82.9% of the homes in Bibra Lake were owner-occupied compared with 81.4% in 2016.
Bibra Lake has 4,032 properties. Over the last 5 years, Houses in Bibra Lake have seen a 92.12% increase in median value, while Units have seen a 62.13% increase. As at 30 November 2024:
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