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Sold on 11 Mar 2024 - Price Unavailable

44 Reserve Drive
Mandurah WA 6210

Bedrooms: -
Bathrooms: -
Car spaces: 27
Floor area: 851m2
Land area: 1938m2
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Property Details for 44 Reserve Dr, Mandurah

Building Type
Commercial
Floor Size
851m2
Land Size
1938m2
Local Government
Mandurah
Lot/Plan
13/P022759

Last Listing description (March 2024)

Situated on a generous 1938m2 lot with an almost 40m frontage in a good profile location.

The property is spilt into 2 x tenancies with a total lettable area of approx. 851m2.

Showroom A: is 493m2 and is freshly leased on a new 5 + 5 year lease commencing 1 March 2024 for $54,000pa + Outgoings and GST

Showroom B: is 358m2 and is currently leased to a long standing tenant for $41,184 pa plus outgoings plus GST.
The new lease commences 1st March 2024 for 5 years plus they have a 3 year option to extend.

Both units have rear roller door access. The property has fantastic parking availability with 27 car bays plus the disabled bay.

Reserve Drive is a busy road with many showrooms that service the Mandurah area thus it has good exposure to passing traffic.

This price reflects the large land size and the size of the building in particular as it is bigger than most nearby buildings but the price is value at under $1,640/m2 of ground floor lettable area.

The outgoings for the building inclusive of property management were under $35/m2 for the 23/24 financial year (+ GST).
Zoning under the City of Mandurah Town Planning Scheme is noted as Service Commercial.

This is an exciting opportunity to buy a modern concrete tilt panel, sizeable, freehold property (the tenancies are not strata titled) in a profile location.

There is opportunity to either occupy one unit or lease it out (just vacated) as property in this location don't come up a lot.

If you are interested please contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength. M: 0403584466
E: pvetten@rhmandurah.com.au

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

Property History for 44 Reserve Dr, Mandurah, WA 6210

A timeline of how this property has performed in the market
Last Sold
11 Mar 2024
Listed for Rent
$1.04k/w
12 Mar 2024
  • 11 Mar 2024
    Sold for $1,340,000
  • 11 Sep 2023
    Listed for Sale $1.385mil (+ any GST if applicable)
  • 04 Apr 2019
    Listed for Rent $46,800 / year
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About Mandurah 6210

The size of Mandurah is approximately 7.5 square kilometres. It has 33 parks covering nearly 11.2% of total area. The population of Mandurah in 2011 was 7,327 people. By 2016 the population was 7,827 showing a population growth of 6.8% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Mandurah work in a trades occupation. In 2011, 38.7% of the homes in Mandurah were owner-occupied compared with 43% in 2016.

Mandurah has 7,661 properties. Over the last 5 years, Houses in Mandurah have seen a 102.13% increase in median value, while Units have seen a 93.27% increase. As at 31 July 2024:

  • The median value for Houses in Mandurah is $513,434 while the median value for Units is $493,337.
  • Houses have a median rent of $495 while Units have a median rent of $460.
There are currently 87 properties listed for sale, and 40 properties listed for rent in Mandurah on OnTheHouse. According to CoreLogic's data, 696 properties were sold in the past 12 months in Mandurah.

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Contact agent
Peter Vetten
Show contact details
Raine & Horne Mandurah
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.