Set on a substantial 1,244sqm site, this property presents a clear development & investment opportunity. With its R60 zoning and inclusion in the Mandurah Strategic Centre redevelopment framework, the property offers potential for up to eight units with a projected combined rental return of up to $200,000 per year. More than just a development site, the property is currently home to a charming 1936 character residence, showcasing soaring ceilings and beautiful period detail. It ...
Set on a substantial 1,244sqm site, this property presents a clear development & investment opportunity.
With its R60 zoning and inclusion in the Mandurah Strategic Centre redevelopment framework, the property offers potential for up to eight units with a projected combined rental return of up to $200,000 per year.
More than just a development site, the property is currently home to a charming 1936 character residence, showcasing soaring ceilings and beautiful period detail. It features two bedrooms, a spacious main and a generous second, along with an updated bathroom and a well designed kitchen with abundant bench space.
At the centre of it all, positioned just minutes from Mandurah Forum, the Foreshore, and much more, this is an opportunity to develop where lifestyle and convenience meet effortlessly.
The Potential:
• 1244 sqm site with 28m street frontage & 19m rear frontage
• R60 zoned property with potential for 8 units (STCA)
• Potential collective rental return of up to $200,000 per year
• Included within the Mandurah Strategic Centre redevelopment framework
The Home:
• Built in 1936 with gorgeous high ceilings & decorative detail
• Spacious main bedroom & generous second bedroom
• Bathroom with updated vanity, shower & toilet
• Smart kitchen layout with plenty of bench space
• Building & Pest inspection reports available
• Rental appraisal $450 to $500 per week
The Area:
• 750m to Aquatic And Recreation Centre
• 900m to Mandurah Forum
• 1.4km to Foreshore
• 2.1km to Train Station
Disclaimer - Every precaution has been taken to ensure the accuracy of the information provided; however, it does not constitute any representation by the vendor or agent. Prospective purchasers are advised to carry out their own due diligence to satisfy themselves with respect to all details. All measurements, sizes and amounts are approximate.
Who to talk to
James Caruana | 0448 896 032 | jcaruana@realmark.com.au
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