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.