25-27 Mandurah Terrace Mandurah, WA 6210
31 May 2019
PRIME MAINSTREET CORNER LOCATION - VALUE-ADD RETAIL INVESTMENT
- Prime Retail Investment
- Waterfront outlook
- Redevelopment Potential
The site presents an excellent value-add opportunity for the astute investor, with the potential to upgrade and enhance the existing buildings to maximise the income potential with further opportunity to fully redevelop in time up to 5 storeys, ideal for a prominent mixed-use development with exceptional main street frontage suited to lower level retail upper level residential uses.
1,217sqm* two storey building currently comprising 12 individual tenancies
1,250sqm* corner land parcel with extensive Smart Street and Mandurah Terrace frontages
Zoned ‘City Centre Development’ the property is ideally positioned for future upgrade or complete redevelopment
Overlooking the Mandurah foreshore, the building is well-complimented by nearby retail and entertainment offerings including Woolworths, Gloria Jeans, Redmanna Waterfront and The Brighton Hotel, plus many more specialty retailers.
The City of Mandurah has recently spent $17 million on a makeover of the Mandurah foreshore, creating a vibrant streetscape by the waterfront.
The local government is also in the process of advancing plans to upgrade the adjacent Smart Street mall, set to improve the appearance and presentation of Smart Street with a focus to activate and provide for pedestrian-based activity.
This property is now under offer. For further information, please contact exclusive selling agents CBRE.
Property ID: 503129746Last Updated: 11 Jun 2019