3/73 Mandurah Terrace, Mandurah

from $629,000

BIG 9% COMMERCIAL RETURN

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.

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.

Property Summary

Type Retail
Land Size 129 sqm
Water Rates $1293 Per Year
Council Rates $6500 Per Year



Frank Lawrence : H & N Perry

Frank Lawrence

Phone

9535 1822

Mobile

0412 903 375

Email

franklaw@southwest.com.au

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