NEWS

High Wycombe business puts workshop on market and pays $1.78 million for new site

Colliers International appointed to sell Maida Vale Road workshop for $2.595 million.

An industrial business plans to build a steel fabrication facility on a recently purchased 9,568 sqm site in High Wycombe and has put its existing workshop, also in High Wycombe, on the market.

In transactions through Colliers International, Ascent Structural and Architectural Steel purchased 110 Sultana Road West for $1.78 million and has listed its 2,855 sqm Maida Vale Road workshop with an asking price of $2.595 million.

Selling agent Martin Vogt said the opening of Forrestfield-Airport Link in the second half of 2021, had elevated High Wycombe’s ranking in Perth’s industrial market.

“High Wycombe is a well-regarded industrial centre because of its access to Roe Highway, Perth Airport and two freight facilities and with opening of the new rail line drawing closer, we expect there will be more demand for the area,” Mr Vogt said.

The Ascent facility at 260 Maida Vale Road has a 202 sqm office and a 1,026 sqm workshop and is opposite the area earmarked for the Forrestfield station carpark.

It also has two five-tonne gantry cranes, 275amps power complemented by a 41.04Kw solar power system and a six-camera security system.

Mr Vogt said Ascent was prepared to lease-back the property until February 2020 for $140,000/annum.

When finished, the Forrestfield-Airport Link will provide a new rail link to Perth Airport and Perth’s eastern suburbs.

The Forrestfield station will be located next to Dundas Road in High Wycombe.

Mr Vogt said 2019 was expected to be a busier year for industrial transactions with demand increasing from the transport, warehouse and fabrication sectors and a growing number of design and construct commissions

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