Neighbouring Landsdale sites trade for $33.5m
Neighbouring Landsdale industrial properties including one housing the 70 year old Bill’s Machinery business, with its famous red and white Beechcraft Baron functioning as a marker for decades, have been sold.
The largest site, spanning 3.07 hectares at 288 Gnangara Road, fetched $17.8 million.
Split as three tenancies, it contains a 1080 square metre workshop, 1350 sqm shed and 2500 sqm yard.
Commercial Group WA is the buyer.
Bill’s Machinery site sold
Meanwhile the neighbouring property – part home to Bill’s – at 302 Gnangara Rd, sold for $15.7m.
With c3800 sqm in numerous buildings it occupies 2.86ha.
The buyer is Marjorie Bay Investments (continues below).
The seller of both assets was registered as Gnangara Developments.
Vita Property Group’s Spiro Agapitos was the agent.
Bill Meredith, who ran the machinery business, died mid-last year aged 91.
The properties were listed in October with three smaller adjoining ones accessed from Christable Way.
Landsdale is about 20 kilometres north of Perth’s CBD.
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