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INVESTMENT OPPORTUNITY

242 Point Leander Drive, PORT DENISON WA, 6525

For Sale

Property for Sale in 242 Point Leander Drive, PORT DENISON WA, 6525

Listing ID:
11357292
Status:
Active
For:
Sale
Price:
$1,000,000 + GST
Last Updated:
23/08/2019
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Property Type

Retail
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Land Area

6725 SQM
Icon size

Floor Area

1106 SQM
Icon parking

Parking

N/A

INVESTMENT OPPORTUNITY

11+ Nett Return on Investment
We are pleased to present Leander Shopping Centre.
It is strategically positioned joining the two towns of Dongara & Port Denison, town centre zoning and high passing traffic for locals & tourist alike.
Current holdings of 6 tenancies at full capacity with national chain Food Works as the anchor tenants.
The buildings present very nicely and are in good repair.
The shopping centre is located on 6725 sqm of land allowing plenty of room for future expansion when required.
The Midwest is showing signs of improvement and development in our local economy with the expansion if the Wiatsia gas field by Mitsui and construction of plant to possibly commence in 2020.

Also there appears to be some noise coming from Tronox that they may be looking to develop the mineral sands discovery south of Dongara.

The property is a real money maker with a return of 11+%
Bank interest is around 2.2/2.6%

For more information please call Wayne Wickham 0418 888 391 or email wayne.wickham@raywhite.com

For more details, please email agent


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