Jeff Klopper Managing Director of Vend Property has sold 13 Lakes Road Greenfields Mandurah Western Australia by private treaty to Fawkner Property LTD. 

The sale of the retail investment property located at 13 Lakes Road, Greenfields (Mandurah, WA) sold by private treaty on Friday the 6th of November 2020 to Fawkner Property Ltd for a 6.1% yield.

At a glance:

• Sold Price: $5.4m 
• Yield: 6.1%
• Property: Retail Service Centre leased to 7-Eleven Stores Pty Ltd.
• Address: 13 Lakes Road Greenfields Mandurah Western Australia
• Vendor: Perth based owner syndicate
• Purchaser: Fawkner Property are a Melbourne based investment company who are specialised service station syndicators.
• Agent: Jeff Klopper Vend Property 

13 Lakes Road, Greenfields comprises a standalone 184 square metre building plus canopy area with a fifteen (15) year lease to 7-Eleven Stores Pty Ltd. The subject property, completed in 2019, is located fronting Lakes Road and was required to service the growing population demands of Mandurah.  

The property was sold by Private Treaty on the 6th of November 2020 to Fawkner Property Ltd for a cash sale of $5,400,000.00 million dollars. Fawkner Property are a Melbourne based investment company who are specialised service station syndicators.

Jeff Klopper, Managing Director of Vend Property, negotiated the sale on behalf of the Perth based owner syndicate. The sale was negotiated in the midst of the COVID-19 lockdown and is a positive result for the WA market.