65 Reserve Drive, Mandurah WA

For Sale

Retail

Offers Invited

2700m2

Raine & Horne Commercial are privileged to present to the market this outstanding showroom/warehouse development which is fully leased to three separate tenants and fronts the premier Mandurah Road.

65 Reserve Drive is conveniently located in an established commercial precinct, adjacent the high traffic intersection between Mandurah Road and Gordon Road.

The property sits on a site area of 5,881sqm with a building area of approximately 2,700sqm and benefits from dual street access.

The property is leased to three independent tenants as follows:

Tenancy 1: 500sqm to Kawasaki Motorcycles
Tenancy 2: 650sqm to Getaway Outdoors
Tenancies 3&4: 1,550 to Flip Out Mandurah

Current Net Income approximately $307,137 per annum.

Lease Rates - End dates and Condition's vary amongst tenants, the largest tenancy being the longest lease is to Flip Out.

The property is available For Sale via an ‘Offers Invited' campaign closing on the 6th December 2018 at 3pm AWST.

To help buyers with expectation the price guide for the sale is in the range of $4,400,000 - $4,800,000 (going concern).

For a copy of the Information Memorandum or to arrange a viewing please contact one of the selling agents.