60 Pinjarra RoadMandurah WA 6210
Property Details for 60 Pinjarra Rd, Mandurah
Last Listing description (August 2019)
This is a rare opportunity to be able to buy Pinarra Road showrooms within a short stroll to the city centre.
58 Pinjarra Road is on a 1055m2 freehold land and comprises two showroom units, one being 200m2 and the other 260m2 ie. a total floor area of 460m2. There are two tenancies, one being a longstanding tenant Jackson Drawing Supplies and the other Jak Jaks which provides modern interior design products and has a coffee bar.
60 Pinjarra Road is on 1060m2 freehold land and is currently configured as one showroom tenancy of 460m2 but there is a provision to divide into 2 tenancies if required. The sitting tenant has also been a long term tenancy but under different trading banners over the years.
There is good parking to the front of these properties and 58 Pinjarra Road also has some rear parking. Both have rear roller door access.
Although some of the tenants have been long term there are no long term leases on the property and rents are averaging a low $126/m2, so there is potential future upside as Pinjarra Road rents are generally a lot higher.
Therefore in summary, these properties are sited on 2 freehold lots totalling 2111m2 having a 40m2 frontage and the building area is approx 920m2 in total.
You do the maths, this equates to only around $2000/m2 of building area for a Pinjarra Road frontage property or based on land values you are paying very little for the existing and very functional buildings.
Add to the equation that there appears to be lots of future rental growth potential and you have a property that can bring vastly regular higher returns than any bank interest will offer.
We feel this is a super investment that you will be glad you purchased.
Contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength for further details. M: 0403 584 466 E: pvetten@rhmandurah.com.au
Property History for 60 Pinjarra Rd, Mandurah, WA 6210
- 07 Oct 2020Sold for $860,000
- 24 Jul 2019Listed for Sale Not Disclosed
- 08 Nov 1985Sold for $75,000
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0About Mandurah 6210
The size of Mandurah is approximately 7.5 square kilometres. There are 33 parks, covering nearly 11.2% of the total area. The population of Mandurah in 2016 was 7837 people. By 2021 the population was 8804 showing a population growth of 12.3% in the area during that time. The predominant age group in Mandurah is 60-69 years. Households in Mandurah are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mandurah work in a trades occupation.In 2021, 43.40% of the homes in Mandurah were owner-occupied compared with 43.00% in 2016.
Mandurah has 7,806 properties. Over the last 5 years, Houses in Mandurah have seen a 136.74% increase in median value, while Units have seen a 122.18% increase. As at 31 August 2026:
- The median value for Houses in Mandurah is $710,854 while the median value for Units is $661,085.
- Houses have a median rent of $570 while Units have a median rent of $550.
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