We are delighted to present a fantastic opportunity and offer 7 Lefroy Street, Mandurah. This property is oozing potential with several choices for a potential investor or developer with the survey strata planning almost complete.

The full block size is 911sqm. The R60 zoned duplex block at the front currently houses a fully renovated solid brick and tile 3 bedroom, 1 bathroom character home located at the front of the property. With fresh paint, natural jarrah floors and quality finishes throughout, the house is perfect for an investor offering great rental return with a fixed term tenancy in place. Future potential of this part of the block is to remove the current home and build 2.

At the rear of this block are 2 x 208sqm survey strata parcels which have been prepped and are ready to build on with sewer and power services already connected. The owner has approved plans for double story units and single storey which are available for viewing. A huge bonus here is that a smaller scale/investor developer can build 2 new homes on the back blocks without the higher costs of having to demolish, plan and install all services. All the work is done and all planning, western power, council fees and clearances have been gained and paid.

If either of those choices still aren’t ticking your fancy you could go the next step further and also develop the 316sqm duplex parcel at the front and add even more units.

This really is a unique opportunity for a potential investor to secure a great property in the heart of Mandurah with the luxury of 3 way potential. The value to an investor is buying the property as one parcel and holding onto the future potential. Location is fabulous – walking distance to Silver Sands shopping centre and the Mandurah foreshore. All of the essential amenities are close.

If you would like any further information please call the Clare Seamer Team today on 0478 691 304 as this property is going to generate plenty of interest.