GSM buys Welshpool workshop for $5.2m

Global Surface Mining has bought an office-workshop property in Welshpool from McMahon Haulage, in a $5.2 million deal brokered by Colliers International.

The 1.08-hectare property at 20-28 Jamieson Drive, Welshpool, consists of three titles, with an older-style office and workshop facility comprising 1,143 square metres.

Colliers International industrial sales and leasing executive Andrew Fife said the site was sold by private treaty.

Mr Fife said GSM required further space than its current base at 4 Dampier Road, Welshpool, could provide.

He said the new property was significantly underdeveloped, giving GSM the scope to expand its operations.