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CBRE - Perth
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25-27 Mandurah Terrace Mandurah, WA 6210

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25-27 Mandurah Terrace Mandurah, WA 6210

Shop & Retail • Development Sites & Land • Offices
Sold Price

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Land area

1250.0m²

Floor area

1217.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Sold on

31 May 2019

PRIME MAINSTREET CORNER LOCATION - VALUE-ADD RETAIL INVESTMENT

  • Prime Retail Investment
  • Waterfront outlook
  • Redevelopment Potential
CBRE is pleased to present for sale the Kannis Centre at 25-27 Mandurah Terrace, Mandurah situated on the high-Exposure corner of Mandurah Terrace and Smart Street in the heart of the Mandurah waterfront and tourism precinct.

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.

*approx

Property ID: 503129746Last Updated: 11 Jun 2019

CBRE - Perth
25-27 Mandurah Terrace
Mandurah, WA 6210

CBRE - Perth

Level 25, QV1, 250 St Georges Terrace
PERTH, WA 6000

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CBRE - Perth

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CBRE - Perth

Level 25, QV1, 250 St Georges Terrace
PERTH, WA 6000
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Ben Younger

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Ben Younger
CBRE - Perth
25-27 Mandurah Terrace Mandurah, WA 6210

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

Kind Regards,

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