This is a 670m2 Freehold land at under $200,000. The zoning is R100/mixed use so you can build residential, commercial or a mix of both, subject to council approval.
If you want to build commercial on ground floor and residential above, the owner has spent money on approvals, so would ideally suit an owner occupier that wants a profile business location and to live above.
The property is close to the train station/busport, not far from the Mandurah Forum, is on a transport route, so it is ideally located.
The site in theory could have 6 residential units (subject to council approval) if you want to build for investment.
Whatever your thoughts, we recommend you move quickly to talk to the City of Mandurah town planners to float your ideas as this property is not expected to be on the market for long.
Contact Peter Vetten, your commercial property specialist with Local Knowledge and National Strength.
DISCLAIMER: Every care has been taken to verify the accuracy of the information contained in this advertisement, but no warranty (either express or implied) is given by Raine & Horne Mandurah or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.
|R&H Suburb Summary||Houses|
|Number of sales||100|
|Median Rental Price||$270 p.w.|
|Change in Rental Rate (5yr)||-16 %|
|R&H Suburb Summary||Units|
|Number of sales||119|
|Median Rental Price||$275 p.w.|
|Change in Rental Rate (5yr)||-21 %|