1A Forge Street
Welshpool, Western Australia
Situated in one of WA’s primary industrial precincts, 1a Forge Street is a significant landholding tenanted by Coates, a wholly owned subsidiary of Seven Group Holdings Limited (ASX:SVW).
The site benefits from a 16,715 sqm land area with only 14% site coverage and extensive hardstand. The existing Coates lease provides income for the Fund, while offering several options at lease expiry including the potential to increase the built area and add value. Should Coates exercise its 5-year option there is the ability to drive capital growth through resettling the rent to market.
PURCHASE DATE
June 2025
ADDRESS
1a Forge Street, Welshpool, Western Australia
LAND AREA
16,715 sqm
GROSS LETTABLE AREA
2,397 sqm
OCCUPANCY
100%
KEY TENANT
Coates, wholly-owned subsidiary of Seven Group Holdings (ASX:SVW)
Asset Highlights
- Highly Visible: The industrial facility is situated on an irreplaceable landholding of scale with extensive frontage and exposure to Leach Highway of some 95 meters. The Property benefits from exposure to over 50,000 passing vehicles each day along Leach Hwy.
- Flexible Asset: The functional office/warehouse improvements and extensive sealed bitumen hardstand are highly sought after and well-suited to a variety of industrial users.
- Strategic Location: The asset is strategically located in WA’s pre-eminent industrial precinct of Welshpool – only 10km from the Perth CBD, 5km from the Kewdale Intermodal Freight Terminal and 7km from the Perth Airport.
- Prime Access: The precinct is serviced by all major arterial thoroughfares including Kewdale Road, Leach Highway, Tonkin Highway and Roe Highway – this makes it well suited to a variety of industrial users including last mile logistics and traditional distribution/logistics operators.
- Strong Tenant: The property is fully leased to Coates, a wholly-owned subsidiary of the ASX-listed Seven Group Holdings Limited (ASX:SVW). Offering a WALE of 4.8 years, the property is considered under-rented and offers capital growth potential at lease expiry.
- Future development: The low site coverage of just 14% and compelling locational characteristics offers further development or redevelopment potential.
Property & Location
