SOLD by Jamie Banks REMAX Benchmark
Searching for a great investment?
Have you been thinking of a joint development project with friends or family?
Want to hold something now and plan your future?
Looking for your next renovation rescue on subdividable block?
Well 10 Elizabeth Street should honestly be at the top of your list. It is perfectly positioned close to all major city amenities including the new Aldi Supermarket and only down the street from the Mandurah Forum shopping centre which is currently undergoing its $350 million upgrade and will provide the best in retail shopping outside of Perth. It is walking distance also to the Mandurah train and bus station.
Let’s tell you a bit more about the opportunity. The property offers an extra-large 1151m2 block size which is zoned R60 in the City Of Mandurah’s Inner City Precinct Plan. This ideally will allow you to explore many different subdivision options with the wide 18.9m frontage and potentially make some great gains from a planned project at completion. You could choose to build 10x units on site just like the neighbour #12 has done in a very neat development package they have individually sold off. The property over the back have also recently built 12 very smart looking units too. Plans are also getting together for properties opposite to be developed with stunning units. It is a location that is prime for development though you can hold onto this property until you’re ready to develop or sell onto a developer later on.
Currently there is a comfortable older style home on the property which could be leased out and return you $260/week. You could even plan to live here yourself and love the space the block offers. Needing a BIG shed. Well this would be the block to have one on and great side access will give you room to park a caravan and boat in the back yard.
The 3 bedroom, 1 bathroom residence has two reverse cycle air-conditioning units to keep the home to the right temperature and its true character can be rediscovered with a minor makeover. Come and inspect this amazing buy as quickly as you can. At this price we don’t see it being available for too long at all. Contact exclusive selling agent, Jamie Banks at RE/MAX Benchmark on 0402 609 878.
- 3 bed
- 1 bath
- Land is 1151 m²