Huge leasing opportunity opens up
THE “For Lease” sign has gone up on one of Perth’s largest warehouse and distribution centres in a move tipped to generate significant tenant interest.
The former Coles and K-Mart logistics facility at Canning Vale is being offered for lease on behalf of Charter Hall’s Core Plus Industrial Fund.
CBRE’s Warick Irving is steering the campaign in tandem with Knight Frank’s Jarrad Grierson.
The property at 2 Bannister Road incorporates approximately 75,000sq m of net lettable area in two separate warehouses, in addition to a large amenities building and two levels of office accommodation.
Mr Irving said this would allow for a range of tenancy solutions, with individual warehouse tenancies ranging from about 6700sq m to 75,000sq m, in addition to corporate office accommodation ranging from about 500sq m to 3000sq m.
“Given the scale of the complex and its flexible design, occupiers can secure premises that are tailored to their specific space needs with office accommodation and amenities configured to suit,” Mr Irving said.
“The multi-tenant format and sheer size of the complex also ensures that it can provide for future tenancy expansion.”
Another attraction for potential occupiers will be the site’s prominent location. The complex offers more than 600m of street frontage to Bannister Road and is just 750m from the Roe Highway interchange, with proximity to major infrastructure such as the Port of Fremantle, Perth Airport and the Perth Rail Freight Terminal.
Three separate tenancies are available, each with dedicated hardstand areas and provision for all-weather loading.
A significant landscaping upgrade is also under way.
“This is a flexible, landmark industrial facility and for the first time it is coming in reach of a range of smaller tenants to utilise the high quality warehouse space and the modern office accommodation,” Knight Frank’s Mr Grierson said.
“It will appeal to a range of potential tenants, many of which will recognise the opportunity to co-tenant with like-minded businesses.”