|Address||16 Lakes Road, Mandurah|
|Asking Net Rental||All Offers Presented!|
|Site Area||11,747 square metres|
|Net Lettable Area||Tenancy 1A: 383 square metres|
|Zoning||Mixed Business Service Commercial (Showroom Approved)|
|Estimated Outgoings||$45.46 per square metre (exclusive of GST)|
|Other Features||132 Parking Bays Available|
The large format centre was completed in December 2010 which occupies a prime site with high exposure and excellent visibility to passing traffic on Pinjarra Road.Extensive road works in the immediate locality associated with Kwinana Freeway extension which was completed in October 2009. This has resulted in increased traffic flow on Pinjarra Road of which the Main Roads Department have provided a designated lane for ingress and egress of the subject property as Pinjarra Road will become the main access point to and from the Kwinana Freeway from Mandurah.
The subject property is located within the City of Mandurah on the south east corner of Lakes Road & Pinjarra Road, approximately 1.4 kilometers east of the major shopping centre in Mandurah (Centro Mandurah), which has just undergone further expansion.The property is located within the Lakes Road Precinct which will provide mixed business developments (see attached). The new precinct will include residential R40, R30, R20, Retail Commercial, Tourism, Mixed Use and community purpose and will take advantage of the increased traffic with the extension of the freeway. Mandurah is located 70 kilometers south of the Perth CBD and along with Rockingham provide over 167,000 people within a 20 kilometre radius of the subject site.Pinjarra Road experiences in excess of 32,000 passing cars per day, which has increased due the freeway extension.