4/73 Mandurah Terrace, Mandurah WA 6210

MAGNIFICENT ON THE WATER LOCATION

You can't get any closer to the famous Mandurah Estuary than sitting right over the edge in Mandjar Bay with water views from your feet to as far as you can see. The location is simply the best magnet for people living in or day tripping to Mandurah

This Leasehold property is offered for sale with a long-standing tenant enjoying the huge volume of daytime tourist traffic on the Mandurah Boardwalk. Join Cicerello's, Mandurah Cruises, TODS and the Mandurah Tourist Centre in this fabulous waterfront location.

The Head Lease is offered for sale and runs until 2038 when it will be due for renegotiation with the State Government of WA. The current sub-Lease to the tenant runs through to December 2028 with a further seven (7) year term available at the option of the current tenant to exercise, taking them through to the end of the current Head Lease.

Offering an annual rent in excess of $100,000 per annum, plus outgoings there's a lot to like about this chocolate coated investment opportunity.

Talk to Frank Lawrence direct on 0412 903 375.