Nicole Hindmarsh proudly presents 29 King Drive, Wannanup - a standout investment opportunity offering both strong holding income and exceptional future development potential.
Positioned on a substantial 1,497sqm R20-zoned block, this property provides the flexibility to subdivide (STCA and WAPC approvals), retain the existing dwelling, and develop 2 additional residences at the rear - making it an ideal landbank or value-add project.
Currently leased to reliable long-term tenants who maintain the home to a high standard, the property delivers immediate rental income with a secure lease in place until November 2026 - perfect for investors seeking stability while planning future improvements or subdivision.
The existing home is generously proportioned, featuring:
• 3 bedrooms, 1 bathroom
• Expansive main living area with high ceilings
• Functional kitchen with gas cooktop
• Secondary living space (currently utilised as a 4th bedroom)
• All three bedrooms have built in robes
Additional features include:
• Wood fireplace in main living area
• Second fireplace (as-is) in rear living zone
• NBN connectivity
• Garden shed
• Ample parking for boat, caravan, and trailer
Located just moments from the Estuary, Port Bouvard Marina, boat ramp, local shops, and dining options, this is a high-demand coastal pocket with strong growth appeal.
Whether you're looking to landbank, develop, or secure a solid income-producing asset, this property ticks all the boxes. Act now to secure this versatile investment opportunity. Contact Nicole Hindmarsh on 0415 815 156 today.
This information has been prepared to assist in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, Harcourts Mandurah do not warrant or guarantee the accuracy of the information, or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.
