Commercial Real Estate


Kallista Pocock


Commercial Auction


Industrial Under the Hammer

Industrial Under the Hammer
Realmark Commercial’s client success continues to grow with an industrial property selling under the hammer at auction on Wednesday morning. Wayne Chorley, Director of Industrial and Logistics at Realmark Commercial, auctioned the 4864m2 warehouse on site at 9 Malcolm Road, Maddington - selling the property above reserve to an ecstatic bidder.

Realmark Commercial rolled out a comprehensive, 5-week marketing campaign which attracted significant enquiry and strong attendance on the day from potential owner occupiers and investors.

The property is a sound investment, currently leased to an engineering company, who are on a two-year lease with option for a further five years.

Bidders and guests were welcomed with a complementary hot beverage, while Wayne started with a minute of silence for Remembrance Day before proceeding with the auction.

Wayne said there were four strong bidders in attendance, with bids rising above the reserve price in a few minutes. 9 Malcom Road, Maddington sold for an impressive $1.46 million, boasting a strong return of 7.3 per cent.

The Perth industrial market continues to strengthen, the recent auction an indication of its box seat position in the current commercial market.

Wayne said industrial is currently the most sought-after asset class in Perth, and there is high demand from investors and owner occupiers seeking quality stock.

If you’re looking to take advantage of the current market upswing, get in touch with Realmark Commercial on 9328 0999.
Industrial Under the Hammer

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