Situated on a generous 1938m2 lot with an almost 40m frontage in a good profile location.

The property is spilt into 2 x tenancies with a total lettable area of approx. 851m2.

Showroom A: is 493m2 and is freshly leased on a new 5 + 5 year lease commencing 1 March 2024 for $54,000pa + Outgoings and GST
Showroom B: is 358m2 and is currently leased to a long standing tenant for $41,184 pa plus outgoings plus GST.
The new lease commences 1st March 2024 for 5 years plus they have a 3 year option to extend.

Both units have rear roller door access. The property has fantastic parking availability with 27 car bays plus the disabled bay.

Reserve Drive is a busy road with many showrooms that service the Mandurah area thus it has good exposure to passing traffic.

This price reflects the large land size and the size of the building in particular as it is bigger than most nearby buildings but the price is value at under $1,640/m2 of ground floor lettable area.

The outgoings for the building inclusive of property management were under $35/m2 for the 23/24 financial year (+ GST).
Zoning under the City of Mandurah Town Planning Scheme is noted as Service Commercial.

This is an exciting opportunity to buy a modern concrete tilt panel, sizeable, freehold property (the tenancies are not strata titled) in a profile location.

There is opportunity to either occupy one unit or lease it out (just vacated) as property in this location don't come up a lot.

If you are interested please contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength. M: 04035844...
E: pvetten@rhmandurah.com.au

DISCLAIMER: Every care has been taken to verify the accuracy of the information contained in this advertisement, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property