Mandurah

Project Description

"The property is located within the Mandurah City Gate Business Park in Mandurah, approximately 75 kilometres south of the Perth central business district on the south western corner of Fremantle and Gordon Roads. Complementary retail outlets surround the property. The site is zoned 'Service Commercial' which allows for a range of land uses including retail, showroom, warehouse, medical centre, car dealership, service station and car wash. A small industrial precinct is situated immediately south east of the property. Other surrounds include residential estates and the Mandurah central business district about two kilometres south west. In December 2018, the Trust completed works totalling $7.3 million to reconfigure the property vacated by Bunnings in mid-2018, into a large format retail centre anchored by Amart Furniture."

Land area

25,305 m²

The total GLA/retail area

8,662 m²

Lease Commencement Date

1/12/1998

Total Property Cost

$16,412,321

Current valuation

$20,200,000

Annual Rent

$1,342,685

Project Location

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