Record 1.6% yield highlights continued strength in Perth’s commercial market
Burgess Rawson WA is pleased to be featured in Business News, with journalist Claire Tyrrell covering the recent sale of 909 Canning Highway, Mount Pleasant — a high-profile commercial asset that achieved a record low yield of just 1.6%.
Sold for $5.9 million, the property is home to the Canning Bridge Super Car Wash and was acquired by local investor Brian McCubbing. The 1,500sqm site includes both self-service and automatic facilities and is located in one of Perth’s most tightly held commercial corridors.
The transaction was managed by our Sales & Leasing team — Richard Giorgi, Anthony Hondros and Christopher Carcione — who attracted significant buyer interest through a focused and highly targeted campaign.
“This result highlights the continued strength of demand for high-quality commercial assets in tightly held locations,” said Sales & Leasing Consultant Richard Giorgi.
The story was picked up by Business News as an example of strong investor appetite despite broader market headwinds, reinforcing the value of well-located, income-producing assets with established operators.
We thank Claire Tyrrell and Business News for the coverage and congratulate both the buyer and seller on a successful outcome.
