photo: 21 Collingwood St, Osborne Park aerial
In the wake of the burgeoning industrial landscape, several private families in Perth have made strategic decisions to capitalise on the recent surge in industrial land values across the Perth industrial markets.
Ross Palframan, Cushman & Wakefield’s Director of Brokerage Industrial & Logistics said: “There are pressing issues faced by both developers and owner occupiers with limitations on well located, zoned industrial land supply to feed short to medium term development pipelines.
“The demand for both industrial land and built form assets continues to consistently surpass the available supply, which is prompting long term private landowners to explore divestment strategies of generational assets, seeing the current market cycle as an opportune time to fully realise the value of their industrial holdings”, Palframan said.
Cushman & Wakefield Industrial & Logistics – WA as exclusive agents have recently listed for sale 21 Collingwood Street, Osborne Park – a generational freehold industrial land parcel that is being offered to the market for the first time in over 75 years. Privately owned and passed down through family generations dating back to the WW2 era, 21 Collingwood St is a prime example of private landowners capitalising on strong market fundamentals through strategic divestment programs.
Alec Di Lollo, Executive of Brokerage Industrial & Logistics – WA at Cushman & Wakefield states
"21 Collingwood Street, Osborne Park offers a truly rare opportunity for developers and businesses in Osborne Park. With a site area of 3,642 sqm* and zoned ‘Industry', it stands as one of the last remaining industrial & commercial development sites in the precinct, providing flexibility for built-form development and a range of use outcomes," notes Mr. Di Lollo.
‘Record low vacancy and high rates of annual tenant take up have compounded the challenges for occupiers, with the current scarcity of immediately developable land amplifying the supply vs demand imbalance” Mr Di Lollo said.
“This shortage, coupled with the almost impenetrable nature of unlocking the old “Ossie Park Acre” truly makes this offering a once in a lifetime opportunity”, he said.
With immediate access to a dense and affluent residential catchment area, further fuelled by Perth's strong investment in infrastructure upgrades, forecasted population growth, and e-commerce expansion, Cushman & Wakefield anticipates significant interest in the property from both developers and owner occupiers.
The property is being sold via an Offers Invited campaign closing 4:00pm (AWST) Wednesday 1st May 2024 (unless sold prior).
For further information please contact the exclusive sales agents below:
Ross Palframan: +61 421 748 874 ross.palframan@cushwake.com
Alec Di Lollo: +61 403 867 622 alec.dilollo@cushwake.com
