$595,000
Located between Tod's Cafe and the Mandurah Visitors Centre, this is one of the high profile tourist locations on the famous Mandurah Foreshore Boardwalk. Held on a leasehold basis from the Crown the property enjoys enormous passing foot traffic as well as a very highly visible road frontage.Leased from the State Government the Crown Lease expires in 2038 with a further 5 year option, taking it through to 2043.The Crown Lease is offered for sale with a sub tenant in place with a long-term lease expiring in 2026 with a further five-year option. The current return on investment is 8% net and is offered for sale as a 'Going Concern', so no GST involved in the sale.With the bus from the train station delivering visitors to your front door every day, it's gotta be a great spot for business.For full details contact Frank Lawrence direct on 0412 903 375 or call into H&N Perry's waterfront office in Mandurah Terrace.
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