SOLD
3/73 Mandurah Terrace, Mandurah, WA 6210
BIG 9% COMMERCIAL RETURN
Located between Tod's Cafe and the Mandurah Visitors Centre, this is one of the high profile tourist locations on the famous Mandurah Foreshore Boardwalk.
Held on a leasehold basis from the Crown the property enjoys enormous passing foot traffic as well as a very highly visible road frontage.
Leased from the State Government the Crown Lease expires in 2038 with a further 5 year option, taking it through to 2043.The Crown Lease is offered for sale with a sub tenant in place with a long-term lease expiring in 2026 with a further five-year option. The current return on investment is 8% net and is offered for sale as a 'Going Concern', so no GST involved in the sale.
With the bus from the train station delivering visitors to your front door every day, it's gotta be a great spot for business.
For full details contact Frank Lawrence direct on 0412 903 375 or call into H&N Perry's waterfront office in Mandurah Terrace.
Held on a leasehold basis from the Crown the property enjoys enormous passing foot traffic as well as a very highly visible road frontage.
Leased from the State Government the Crown Lease expires in 2038 with a further 5 year option, taking it through to 2043.The Crown Lease is offered for sale with a sub tenant in place with a long-term lease expiring in 2026 with a further five-year option. The current return on investment is 8% net and is offered for sale as a 'Going Concern', so no GST involved in the sale.
With the bus from the train station delivering visitors to your front door every day, it's gotta be a great spot for business.
For full details contact Frank Lawrence direct on 0412 903 375 or call into H&N Perry's waterfront office in Mandurah Terrace.
PROPERTY FEATURES
- Air Conditioning
- Close to Shops
- Close to Transport
- Disabled Access
- Kitchenette
- Toilet Facilities
Property Info
Municipality
Mandurah
H & N Perry Estate Agents Mandurah
54 Mandurah Terrace
Mandurah, WA 6210
Tel: +61895351822
Email Us
NEARBY PROPERTIES
Frank Lawrence
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