An established commercial developer with plans to build a range of small, modern, industrial units has bought a site within Western Australia's O'Connor Industrial area.

The 11,000-square-metre property incorporates three lots at 3, 7 and 9 Murphy Street, which is located between Carrington Street and Stockdale Road, close to Leach Highway. 

At a glance:

• An 11,000-square-metre property within Western Australia O'Connor Industrial area has been sold by Knight Frank to an established commercial developer for $4.18 million
• The sale price reflects a land value of $378 per square metre.
• Property incorporates three lots at 3, 7 and 9 Murphy Street

The area currently features multiple older style workshops of approx. 4,600 sqm and a secure hardstand.

Knight Frank Sales and Leasing Director Scott Bailey said it was a classic CBD fringe industrial location making the transition from old school industrial uses to fulfilling a more modern, commercial/industrial purpose.

“This property attracted significant interest due to its sub-division potential, excellent location and short-term holding income,” he said.

“The sale price reflects an improved land value of $378 per square metre, which is consistent with other large site sales.”

Mr Bailey said O’Connor was ideally located for commercial/industrial operations and the development of a small scale industrial park with units for owner-occupiers who may live in close proximity would work very well.

Source: Knight Frank

Similar to this: 

Marrickville Metro upgrade to 'upcycle' disused warehouse

Brisbane development site hits market first time in 60 years

Plenty of bids for Beatty Road land