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2 Tindale Street Mandurah, WA 6210

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2 Tindale Street,
Mandurah, WA 6210

Warehouse, Factory & Industrial

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Map of 2 Tindale Street

Directions
  • Train stations within 5 km of 2 Tindale Street, Mandurah, WA 6210Distance
    Mandurah Station1.4 km
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  • Bus stops within 5 km of 2 Tindale Street, Mandurah, WA 6210Distance
    Access Rd John Tonkin College (Tindale Campus)87 m
    Park Rd North Mandurah Prim Sch303 m
    Park Rd Before Tindale St333 m
    Mandurah Tce Before Tindale St397 m
    Mandurah Tce After Tindale St414 m
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POWERED BY HERE ©

Partially Leased Freehold Investment

Situated on a corner 2226m2 corner site facing Tindale Street and Gibla Street is this large 1080m2 building split into 8 units, many of which have their own frontage to either Tindale or Gibla Street.

The property is almost fully leased with 4 tenants occupying the 7 of the 8 tenancies. The rents are low rental rates with total rent being approximately $51,000 net with potential to go to $61,000 when unit 3 is leased, i.e. average rent is under $60/m2, so there is potential future upside.
Two of tenants occupying 3 units each are long term tenants that have been there for approx 15 years.

As there is 1080m2 of building this equates to under $880/m2 so probably the cheapest commercial building on a $/m2 basis (that is not just a tin shed).

This is a functional concrete and brick with a metal deck roof, it gives good access to each tenancy and there is good parking available.

It's well worth a look and at under $880m/2 of building, you won't buy greater value. The GST can be done on a going concern basis.

Contact Peter Vetten on 0403 58 4466 your Commercial Property Specialist with Local Knowledge and National Strength.

Additional information

Property ID: 502119990Last Updated: 29 Aug 2020

0403 *** ***
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2 Tindale Street
Mandurah, WA 6210

Agency contacts

Raine & Horne - Mandurah
Raine & Horne - Mandurah
Shop 9B Smart Street Mall
MANDURAH, WA 6210
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Peter Vetten
Raine & Horne - Mandurah
2 Tindale Street Mandurah, WA 6210

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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