Colliers International to sell 1.95ha purpose-built property on Thomas Road.
Colliers International is selling a Kwinana industrial property that is leased to Accensi, a manufacturing company that plays a significant role in Australia’s crop protection industry.
The 19,529sqm property at 16 Thomas Road in Kwinana Beach is owned by A&C Chemicals and has a gross lettable area of 6604sqm and includes a 3365sqm warehouse and packing area, a 184sqm office and laboratory, a 911sqm open-sided warehouse and a number of storage facilities.
Accensi, which is a subsidiary of Hong Kong-listed biotechnology company CK Life Sciences International, has a six-year lease and a renewal option at the property.
Selling agents Raj Singh and Greg O’Meara said strong demand for leased investment properties would ensure a high level of interest in the sale.
“Reports from across the industry indicate strong competition and multiple bids to buy leased industrial properties,” Mr Singh said.
“Domestic and overseas investors are looking for properties with established tenants and secure income to add to their portfolios.”
CK Life Sciences International is a subsidiary of Cheung Kong Holdings, a multi-national conglomerate controlled by Hong Kong billionaire Li Ka-shing.
As well as securing a significant property in Kwinana’s industrial area, Mr O’Meara said the new owner would also be able to build a relationship with an international company that was well-positioned to deliver crop protection products to a global population.
The Kwinana Beach property is one of two properties in the A&C Property Portfolio.
The other asset in the portfolio is in Queensland and is also for sale. Located in the Narangba industrial
precinct, the 30,610sqm property is also leased to Accensi.
The properties are being offered separately or in one line.
Expressions of interest close on March 23.