WOTSO Property has exchanged contracts on what will be its first purchase in Western Australia. The property, located at 22 Ormsby Terrace, Mandurah WA,was purchased `sight unseen' due to the ongoing lockdowns and border closures. Defying the normal corporate process, the purchase was made through virtual tours and street view but the group is confident the risk will be worth while and is excited to see what it can bring to Mandurah. The property was purchased for $2 million after it was listed for $2.95 million and was funded by recycling funds from the $3.5 million sale of legacy asset in its portfolio.