Market remains strong

OF ALL the sectors in the property market, the industrial market continues to record strong performances according to a monthly review of the property market by Herron Todd White.

The recent sale of 222 Welshpool Road, Welshpool for $1.5 million reflecting a yield of 8.9 per cent is a case in point. The property is leased to Atlas Copco Australia for $137,000 per annum with two five year options.

An office-warehouse site of 1,081 square metres at 17 McDonald Crescent, Bassendean has been sold for $580,000, reflecting a yield of about 10.4 per cent.

The Herron Todd White review also lists some residential sites recently sold.

The 1945 brick and tile house on the 2,345 square metre site at 34 Bayview Terrace, Mosman Park sold for $2.65 million and 13/9 Ray Street, South Perth, comprising an apartment of 178 square metres sold for $1.35 million.

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