Phone enquiries - please call 1300 594 794 and quote property ID 41804.
PRIME R60 DEVELOPMENT OPPORTUNITY - 1163 SQM - POTENTIAL 6 OR 7 LOT SUBDIVISION STCA
ATTENTION DEVELOPERS BUILDERS AND PROPERTY INVESTORS
An exciting development and investment opportunity awaits at 40 Elizabeth Street Mandurah WA 6210.
Positioned in the sought after Inner Mandurah area, this substantial 1163 sqm property with R60 residential zoning and approximately 19 metres of street frontage offers an opportunity for subdivision, grouped dwellings, multiple dwellings or future redevelopment, subject to relevant approvals.
Whether you are an experienced developer looking for your next project or an investor seeking to secure a well located development site for the future, this property offers several possibilities worth exploring.
KEY PROPERTY HIGHLIGHTS
R60 RESIDENTIAL ZONING
The property is zoned R60, providing opportunities to investigate medium density residential development including grouped dwellings, multiple dwellings and subdivision, subject to planning requirements.
POTENTIAL 6 OR 7 LOT SUBDIVISION
Explore the possibility of creating 6 or 7 residential lots, subject to council and Western Australian Planning Commission approvals.
A preliminary concept subdivision plan is available for illustration and buyer feasibility assessment.
SUBSTANTIAL LANDHOLDING
Generous 1163 sqm block with approximately 19 metres of street frontage and a depth of approximately 60 metres, providing flexibility to explore different development configurations.
EXISTING 2 BEDROOM HOME
The property includes an existing 2 bedroom, 1 bathroom cottage positioned towards the front of the block, with side access to a spacious rear yard. Currently rented at $420 per week, long term tenant.
The existing dwelling may offer potential rental holding income while future development plans and approvals are explored, subject to tenancy arrangements.
PRIME INNER MANDURAH LOCATION
Conveniently positioned close to major amenities and transport connections.
Walking distance to Mandurah Train Station.
Walking distance to Mandurah Forum Shopping Centre and Aldi.
Easy access to local schools, parks, medical facilities, public transport and the Mandurah Foreshore.
FLEXIBLE DEVELOPMENT AND INVESTMENT OPTIONS
Explore a range of possibilities including residential subdivision, townhouse development, grouped or multiple dwellings, or retaining the property as a longer term investment.
All potential development options are subject to planning and statutory approvals.
UNLOCK THE DEVELOPMENT POTENTIAL
With R60 zoning, a substantial landholding and a convenient Inner Mandurah location, this property presents an opportunity for developers and investors to explore value through subdivision and redevelopment.
Buyers can undertake their own feasibility assessments to determine the most appropriate development configuration and potential yield.
ENQUIRE TODAY
Developer, builder and investor enquiries are welcome.
Contact the owner directly for further information, to request the indicative subdivision concept or to discuss the property.
IMPORTANT DISCLAIMER
The proposed 6 or 7 lot subdivision is a preliminary concept only and has not been approved.
All subdivision and development possibilities are subject to approval by the relevant authorities, including the Western Australian Planning Commission and the City of Mandurah.
Interested buyers should undertake their own independent due diligence regarding zoning, subdivision potential, lot sizes, access, services, infrastructure, development feasibility and statutory approvals.
No representation or guarantee is made regarding the number of lots achievable or the approval of any proposed development.
All distances and property measurements are approximate and should be independently verified.
DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.
