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McDowell Trust

Welshpool, Western Australia, Australia

PROPERTY TYPE:

Industrial

INVESTMENT PARTNER:

Lester Group

PROPERTY DESCRIPTION

  • The Property is well located within Welshpool, Perth’s premier industrial suburb. The site is 8 km south of the Perth International Airport, 11 km southeast of the Perth CBD and enjoys easy access to Perth’s arterial highway and rail infrastructure.

  • The property currently consists of a 4,912 sqm building on 38,568 sqm of land owned by Japanese conglomerate Hitachi. Hitachi will sell the property and then lease it back for a period of 18 months, after which Lester Group will tear down the existing improvements and build a brand-new 25,000 sqm warehouse/distribution facility.

  • Once Hitachi vacates, Lester Group will spend approximately 12 months building the new facility and will then sell the entire project.

ADDRESS

111-121 McDowell Street, Welshpool WA, Australia

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