2 Tindale Street, MANDURAH WA 6210
- PROPERTY DETAILS
- BUILDING DETAILS
Now you can view details about this building.
Click this tab to view!
- Industrial / Warehouse
- Floor area:
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 5 Oct 2016
Super VALUE at under $1000/m2 of building.
LARGE 1080M2 FREEHOLD INVESTMENT
This property is probably the cheapest commercial building on a $/m2 basis in the whole of Mandurah.
Priced at under $1000/m2 this property of 8 units is situated on a valuable 2226m2 corner site, facing Tindale Road and Gibla Street.
Both existing tenants have been there for well over 15 years and both occupy 3 units each, one for 618m2 and the other 253m2, thus providing steady occupancy over the years.
They have been long term tenancies, their rents are very conservative at under $62/m2 for a total passing net income of approx $47,500 net.
Based on being able to lease out the remaining tenancies at say $6000pa for the vacant 59.4m2 office unit ($101/m2) and say $9500 per annum for the vacant 147.9m2 workshop (approximately $78/m2) then the net notional rents will be in the order of $63,000 net per annum when fully leased i.e. much better return than bank interest rates.
It isn't a pretty building but as the tenants have said it is a very functional sturdy (concrete and brick) construction and gives easy access to all 8 units. Plus there is good parking available.
It's well worth a look and at under $1000/m2 of building, you won't buy greater value.
The GST can be done on a going concern basis.
Contact Peter Vetten on 0403 584 466 your Commercial Specialist with Local Knowledge and National Strength.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
2 Tindale Street MANDURAH