Search for affordable venues delivers two sales in Perth’s industrial property market.
A Baptist church and the Perth arm of a spiritual organisation dedicated to human welfare have purchased buildings in two of Perth’s key industrial areas.
In a transaction negotiated by Colliers International’s Stephen Baker, a Malaga office-warehouse was sold to the Sant Nirankari Mission and in a separate sale, Mr Baker and Johnson Property Corporation’s acquisition agent Corina Johnson, negotiated the sale of a Bassendean office-warehouse to the Chin Baptist Church.
Mr Baker said churches and religious groups were active in the property market but finding buildings with enough parking space was one of their biggest challenges.
“Initially these organisations look for venues they can rent but as they become more established, they are keen to buy a property and set up a permanent base,” he said.
“Finding a building with enough space for parking rules out a lot of traditional venues but in light and general-industrial areas there are a number of properties that suit their needs, sometimes with only minor modifications and a change of use application.”
The Malaga office-warehouse building at 22 Westchester Road was already being used as a place of worship by vendor Grace Life Church, and is in a general industrial area popular with small manufacturing businesses.
It sold for $2.1 million in an off-market transaction to Sant Nirankari Mission, which is based in India.
The office-warehouse at 1/105 Broadway in Bassendean’s light industrial area came to market through the Public Trustee and sold for $925,000 to the Chin Baptist Church after an expression of interest campaign.
Ms Johnson, who represented Chin Baptist Church, said high property prices in traditional residential areas and town planning schemes that have requirements for more parking than is generally available, were forcing religious organisations and not-for-profit groups to consider alternative areas with complementary users.
“A number of churches have moved to more affordable, light industrial areas where their peak activity hours are different to those of the church and where reciprocal parking agreements are available or can be negotiated,” Ms Johnson said.
“These groups are looking for properties that can be converted into places of worship and many also want to include spaces that can be shared and made available for general community events.”
The Chin Baptist Church is expected to move into its new Bassendean church in May.