Price Upon Application
    31 Peel Street

    Plans Approved for 17 Apartments and So Close to Everything!

    In the heart of Mandurah, and just a few minutes to the waterfront, the Forum shopping mall and the railway station, this truly unique offering is a developer's dream.

    Plans are approved for 17 one and two bedroom apartments with similar units recently selling in the high $200,000's!

    The owner's conservative feasibility returns a profit of more than $1 million, a 30% margin on development costs.

    This 810sqm level block for sale is on the bus route and has a 3x1 home tenanted on a periodical basis.

    The timing is perfect to begin developing this site as demand for quality accommodation has been increasing throughout 2014 and is continuing to grow. You can get your development up and going virtually immediately and capture the peak growing demand for accommodation.

    For further information or to request an information pack, please call us.

    Property Details:

    • 810sqm

    • R100

    Property description:
    • Lot 28 on Diagram 043000, Volume631 Folio 142

    Road Widening:
    • 2 metre strip reserved for road widening - already accounted for in plans and approvals

    • Development Approved for 17 walk-up apartments
    • Five 1x1 apartments
    • Twelve 2x2 apartments

    • Single storey 3 bedroom brick and tile home built 1975

    • Leased for $200 per week on a periodical basis

    • Level, rectangular block

    Location & Amenity:
    • 900m to Silversands Beach
    • 1.1km to Mandurah Marina
    • 800m to Mandurah Foreshore
    • 1.2km to Mandurah Centro Shopping Centre
    • 1.6km to Mandurah Train Station
    • 300m to Mandurah Primary School
    • 1.5km to Mandurah High School
    • 2.7km to Murdoch University & Challenger TAFE

    • Development approved and ready to go
    • Level site
    • Minimal demolition required (small home)
    • Desirable suburban location but close to all amenities
    • On bus route to foreshore, train station and other amenities
    • Railway and Freeway links to Perth CBD
    • Recent walk-up apartment projects sold out

    Please note this information is a guide only and the information, figures and pictures are indicative only, are not part of a sale contract, are subject to change and do not constitute any representation, warranty, forecast, valuation, offer or contract. Buyers must rely on their own enquiries; Estimates are for the property owner's use only.

    • Close to Schools
    • Close to Shops
    • Close to Transport
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    Property Summary

    Property ID: 17852183 Bedrooms: 3 Bathrooms: 1 Cars: 1

    Agent Details

    Agent Name: Lynn Wainwright Agent Mobile: 0438 557 041 Agent Phone: 08 9367 8763 Agent Email: Click to Email

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