Calling all investors and developers! Positioned in the heart of Mandurah, this substantial R100 development opportunity offers the chance to secure a property with both immediate rental income and exciting future development potential.
The property forms part of the Mandurah Strategic Centre Precinct Structure Plan and is identified for future Residential Mixed Use development, making this an opportunity to secure a strategic piece of land while benefiting from an income producing asset in the meantime.
Currently home to two charming 1960s built duplexes, the property offers a glimpse into Mandurah's earlier days as a relaxed fishing town. Both duplexes are currently tenanted until March 2027, generating a combined rental income of $850 per week, providing a solid holding strategy while you plan for the property's future.
Each duplex features an open plan living and dining area positioned off a central kitchen, complete with an electric cooktop and oven. A bathroom with shower, separate WC and laundry provides practical everyday functionality, while the generous rear yards are separately fenced, offering plenty of outdoor space for each residence.
The location adds further appeal, with Mandurah's vibrant foreshore just a 10 minute walk or approximately 750m away. Enjoy easy access to the water based lifestyle, cafes, restaurants and entertainment that make Mandurah such a sought after destination. Mandurah Primary School is approximately 260m away, while Mandurah Train Station and Mandurah Forum Shopping Centre are both around 3km from the property.
Whether you're looking to secure a strategic development site, invest for the future or take advantage of the current rental return while plans take shape, opportunities of this nature are becoming increasingly difficult to find.
Contact Team Michelle Miles today on 0477 845 529 to find out more.
INFORMATION DISCLAIMER: This information is presented for the purpose of promoting and marketing this property. While we have taken every reasonable measure to ensure the accuracy of the information provided, we do not provide any warranty or guarantee concerning its correctness. Acton | Belle Property Mandurah disclaims any responsibility for inaccuracies, errors, or omissions that may occur. We strongly advise all interested parties to conduct their own independent inquiries and verifications to confirm the accuracy of the information presented herein, prior to making an offer on the property. Some photos may contain virtual staging.
