Mandurah Fast Retail Offered to Market

11 August 2020

A prime commercial centre in Greenfields, near Mandurah WA has come to the market.

 

FCA are offering interested parties an opportunity to acquire the fully developed 8,849sqm site with an exceptional tenant offering and long leases.

 

Mandurah is located 72km south of Perth and is less than an hour from Perth CBD by rail and is one of the most vibrant regional cities in Western Australia and the second fastest growing regional city in Australia. Greenfields is a suburb located 3 kilometres to the east of Mandurah City Centre and is dominated by the Peel Health Campus which serves as the primary care service for the 200,000+ residents of the greater Mandurah area and surrounds.

 

The Greenfields Commercial Centre occupies a prominent position on Lakes Road – adjacent to the Peel Health Campus and sits across from complementary medical focused businesses on the south side of Minilya Parkway. The site has direct and convenient access from 3 roads, Lakes Road, Minilya Parkway and Kookaburra drive.

 

The sites consists of a Caltex patrol station, McDonalds restaurant and a GenesisCare medical centre generating $857,000 in total rental income per annum and offering a secure WALE of 11 years. The property is expected to sell for in excess of $16m.

 

Each tenant occupies a separate building on a separate parcel of land, enabling the site to be sold now or in the future in one line or as separate parcels.

 

The property is being sold in one line via an expression of interest campaign closing on the 31st August 2020.

 

For details an Information Memorandum or more information on the property, contact Warwick Petschack at Capital Management Australia on 0412 173 476 or Michael Payne at FCA +61 0414 331 466.