2 Tindale Street, Mandurah, WA 6210

  • 1080 sqm

For sale

Offers Above $890,000

Partially Leased Freehold Investment

Situated on a corner 2226m2 corner site facing Tindale Street and Gibla Street is this large 1080m2 building split into 8 units, many of which have their own frontage to either Tindale or Gibla Street.

The property is partially leased with 3 tenants occupying the 5 of the 8 tenancies.

It is ideally suited to someone wanting up to 585m2 for their own use.

The existing rents are low rental rates , i.e. average rent is under $60/m2, so there is potential future upside.

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 likely be done on a going concern basis as the building is partially leased and we are putting the balance of space up for lease.

For further details contact Peter Vetten on 0403 58 4466 your Commercial Property Specialist with Local Knowledge and National Strength.

TenantedYes
Property Info:
  • Property ID: L444328
  • Property Type: Industrial/Warehouse
  • Building / Floor Area: 1080 sqm
  • Land Area: 2226.0 sqm
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R&H Suburb Summary Houses
Number of sales 100
Average Price $280,105
Median Price $243,000
Median Rental Price $270 p.w.
Change in Rental Rate (5yr) -16 %
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Number of sales 119
Average Price $357,137
Median Price $255,000
Median Rental Price $275 p.w.
Change in Rental Rate (5yr) -21 %
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