Thriving business investment sells for $1.5M in Perth’s western suburbs
A rare industrial warehouse in the western suburbs of Perth has sold for $1.5 million in an off-market deal.
Located at 60 Government Road, Nedlands this site presents a 377sqm site with a 300sqm building area.
Currently leased for a term of three years, the property was expertly handled by RWC Western Australia agent Michael Danagher on behalf of the Winterton family, who have owned and operated their successful funeral headstone business, Stock Bros Monumental Works, on the property for many years.
“What sets 60 Government Road apart is not only its unique location, fronting onto the picturesque Karrakatta Cemetery, but also its zoning and the redevelopment opportunity it offers.
“This property is a rare jewel in this esteemed region,” Mr Danagher commented.
Mr Danagher said the buyer, a prominent Western Suburbs family, has a strategic vision for this acquisition. Having previously acquired 79 Carrington Street in Nedlands, they now have the opportunity to create a compelling future development in this sought-after commercial precinct.
“This area has become increasingly attractive for its unique blend of commercial and residential appeal.
“The market remains highly competitive with every property presented to the market, whether it’s for lease or sale, garnering significant attention.”