38 Kulin Way

Mandurah WA 6210

If you are seeking a modern, high truss, tilt panel building on freehold title with 2 x long standing lessees then look no further.The land area is 1620m2 with a 27m2 frontage. It shares a 7.5 m (3.75m each) wide driveway with 36 Kulin Way giving easy truck access to the rear roller doors, gated at night. The property provides a total net rent of approx. $82,150 (after our property management fees) from the 2 tenants, less a property management fee (currently 3% of gross collections), the tenants pay all other normal outgoings and GST.One tenant (Veale) has been there from new in August 2009 and the other (AIM Dance) has been there since November 2013. Each tenancy has 2 x toilets (one a disabled) and a kitchen tea prep area. Both were set up as showroom/warehouse so they have a suspended ceiling for around 2/3 with flush fluro lights and the rear portions are open, high truss with skylights, and both have high bay roller doors.The property is situated in Mandurah's main showroom warehouse precinct with a lot of nearby drawcard tenants such as Harvey Norman, Freedom, Repco, Bedshed, A-Mart, Snooze, Officeworks, etc all in close proximity.At this sort of return we expect this will sell quickly so contact the exclusive selling agent, Peter Vetten who is a commercial property specialist with local knowledge and national strength.Please note the price is based on the sale progressing as a going concern basis for GST calculation.DISCLAIMER: Every care has been taken to verify the accuracy of the information contained in this advertisement, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.