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Balcatta warehouse sold for $2.67m

A LOCAL investor bought the Carpet Call warehouse in Balcatta for $2.67 million last week on a yield of 7.4 per cent. The property, at 1/40 Bryan Place, is leased to Carpet Call and comprises a 2,627 square metre office warehouse visible from the Mitchell Freeway. Carpet Call originally developed the building located at the southern end of Balcatta’s commercial and industrial area, before selling the building on lease-back in 1998.   Burgess Rawson director Chad Henville said demand for leased investment properties was far outstripping supply and both sales and leasing activity in commercial and industrial markets remained extremely buoyant. Sustainability focus at Perth expo THE trade-only building and design expo, Designbuild, will be staged in Perth for the first time this year. The expo, to be held from October 12 to 14, will have a major focus on sustainability and green building practices. The trade-only event at the Perth Convention Exhibition Centre will provide an opportunity for Western Australia’s building and design industry to come face to face with national and international suppliers and manufacturers of building industry products and services. The Master Builders Association, Green Building Council, Australian Tile Council. Institute of Plumbing, Custom Electronic Design and Installation Association, and the Building Designers Association will be among those at the event. Diversified Exhibitions director Bill Hare said anobody who doubted the economic value of sustainable building would have their questions answered and those already committed to green building, with exposure to some of the latest innovations. Mr Hare said Designbuild would also showcase the latest products, services and technologies in home automation.

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