High profile Great Northern Highway property to attract strong interest.
A Swan Valley property with leases to a cluster of businesses on the Great Northern Highway, one of the main access roads to the north of WA, has come to market through Colliers International.
The 1.4ha property at 1084 Great Northern Highway in Baskerville is a popular stopping point for travellers and locals and includes well-known supermarket Rakich’s Store, which has been serving customers in the Swan Valley since 1934.
Located on the corner of Haddrill Road and Great Northern Highway, the property is also occupied by a Cellabrations liquor store, a real estate agent, a BP service station and a truck refuelling depot.
It will be sold by Colliers International Director Metropolitan Markets Nicholas Agapitos who said the property would generate strong interest among commercial property investors.
“With leases to a diverse mix of tenants this property will appeal to investors who are looking for secure income and with surplus land and a high-visibility location, it also offers the added benefit of a future redevelopment,” Mr Agapitos said.
“Located midway between Bullsbrook and Midland, this leased investment property has a 119m frontage to Great Northern Highway, which carries high volumes of traffic, including tourists visiting the Sway Valley and major transport companies servicing mining communities and north-west towns.
“The location also provides convenient access to the fast-growing communities of Ellenbrook and Vale and future residential developments planned for the Upper Swan region.
Mr Agapitos said the Baskerville property would hold strong appeal to private and offshore buyers who were monitoring Perth’s commercial property market for short and long-term investments.
The property, which is being sold by a private vendor, will be offered via expressions of interest.