This lunchbar is situated in Greenfields which is Mandurah’s main industrial district.
The shop offers prime Gordon Road frontage is this 64m2 premises with approved use for a lunch bar, and there is good short term parking places right outside the door.
This property has just been leased until mid-December 2022 (2years) plus a 3 year option. Rent is $12,600 + GST and the tenant pays the outgoings.
This reflects 5.6% return which is substantially higher than any available bank interest at the moment, so is worthy of consideration.
This is a super investment opportunity because the rent is low and affordable to the tenant and the return is well above bank interest rates. With a huge number of passing cars each day, this is an investment that should always be easy to lease, as demand for good exposure premises is always in high demand, minimizing any future vacancy issue.
Contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength.