1/66 Reserve Drive, Mandurah, Western Australia, 6210

  • 279sqm

Sold

Sold

Long Lease - A Super Investment

This 279m2 is a modern, tilt panel showroom/warehouse strata in a group of only 2 units, thus there is no strata fees other than proportionate shared insurance and gardening and water useage.

The lessee is a well known Mandurah business that has been a long term tenant in the property and they have just extended their lease to November 2023 (ie. approx 4.5 years) and with further options of 3 years plus 3 years.

Rent is static at $33,600 to 30th November 2020, then there are 3% rent reviews.

This shows an approximate 7.65% return on the asking price, so be quick as leased investments do not last long and this is a real beauty.

Contact Peter Vetten, your Commercial Property Specialist with local knowledge and national strength.

M: 0403 584 466 E: [email protected]

TenantedYes

Property Info:

  • Property ID: 20513853
  • Property Type:
  • Building / Floor Area: 279 sqm

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R&H Suburb Profile: Mandurah

R&H Suburb Summary Houses
Number of sales 110
Average Price $268,595
Median Price $243,500
Median Rental Price $275 p.w.
Change in Rental Rate (5yr) -19 %
R&H Suburb Summary Units
Number of sales 118
Average Price $331,283
Median Price $221,000
Median Rental Price $270 p.w.
Change in Rental Rate (5yr) -31 %
Mandurah, WA - Median Trend
  • 1/66 Reserve Drive, Mandurah,
    Western Australia, 6210