242 Point Leander Drive Port Denison, WA 6525

11+ NETT RETURN

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 of 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%