An Osborne Park Car Yard has sold in an off-market transaction representing the first significant sale of such a property in Osborne Park in recent years. 

380-384 Scarborough Beach Road, Osborne Park with a total area of 12,182m², has now sold for $14.5 million. The Leased Car Yard is home to an ASX listed tenant and is located in Perth’s premium automotive precinct.

The deal was negotiated by Colliers’ Director Industrial, WA, Sam Hammond, who completed the deal off-market to a private investment Company.

Mr Hammond said “The sale represents a significant milestone, with Osborne Park being a such tight market. There have been few transactions of scale in the area over the recent years, making this deal a turning point in the market. The property hasn’t changed hands in over 30 years making the sale extremely noteworthy to investors.”

“The benefits of an ASX listent tenant and the site’s location in Australia’s best performing bulky goods prominent display precinct, make for a great investment decision for property owners” said Mr Hammond.