2 Tindale Street,
Mandurah, WA 6210
Key property information
to arrange a private inspection.
Map of 2 Tindale Street
Train stations within 5 km of 2 Tindale Street, Mandurah, WA 6210 Distance Mandurah Station 1.4 kmPOWERED BY HERE © Bus stops within 5 km of 2 Tindale Street, Mandurah, WA 6210 Distance Access Rd John Tonkin College (Tindale Campus) 87 m Park Rd North Mandurah Prim Sch 303 m Park Rd Before Tindale St 333 m Mandurah Tce Before Tindale St 397 m Mandurah Tce After Tindale St 414 mPOWERED BY HERE ©
Partially Leased Freehold Investment
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.
Property ID: 502119990Last Updated: 29 Aug 2020