29, 31 & 33 Peel Street, Mandurah WA 6210

Expressions of Interest

6 beds

2 baths

2 parking

Exceptional Development Opportunity on Peel Street, Mandurah WA 6210

Presenting a unique and lucrative investment opportunity for developers with a vision for greatness. Available for sale is an impressive assembly of three adjacent properties at 29, 31, and 33 Peel Street, right in the heart of Central Mandurah. This premier location offers the potential to embark on a substantial mixed-use commercial and residential development, capitalizing on the combined strength of the three properties.

Key Investment Highlights:

• Total Land Area: A substantial combined parcel of 2310 sqm across three properties, each 770 sqm
• Zoning: All blocks are zoned R100, permitting a diverse range of development options including mixed-use residential and commercial projects
• Development Potential: The strategic aggregation of these lots creates an exceptional development site suitable for a large-scale project that can transform the area and capitalize on its central location
• Tenancy: Properties at 31 and 33 Peel Street are each home to 3-bedroom, 1-bathroom residences. 31 Peel Street hosts a long-term tenant, while 33 Peel Street benefits from semi-renovated interiors and an existing tenant on a fixed-term lease, providing immediate rental income while future development plans are being approved
• Location: Positioned on Peel Street, a major thoroughfare in Central Mandurah, this site offers high visibility and accessibility, making it a coveted spot for both commercial viability and residential desirability

Strategic Benefits:

• Central Mandurah: Being located on a main road through the central part of the city, the site benefits from excellent connectivity and proximity to Mandurah's core amenities, including shopping centres, entertainment districts, public transport facilities, and more
• Combined Lot Size: The continuity of the three properties not only simplifies construction logistics but also enhances the architectural possibilities, allowing for a more integrated and impactful design
• Future Growth: Mandurah is experiencing significant growth, making this an opportune time to develop properties that will meet the rising demand for mixed-use spaces

This combined offering is not just a rare acquisition chance but a gateway to creating something iconic in one of Western Australia's fastest-growing regions. Ideal for developers with foresight and ambition, this trio of properties promises substantial returns on investment through a landmark development.

Shire Rates:

29 - $1100.00 PA (APPROX)
31 - $1800.00 PA (APPROX)
33 - $1700.00 PA (APPROX)

Water Rates:

$ 729.16 PA (APPROX)
$1207.06 PA (APPROX)
$1143.53 PA (APPROX)

For inquiries and to discuss this exceptional opportunity further, contact Jarrod Fleming at 0430 284 042. Your visionary project starts here at Peel Street, Mandurah.

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.

Property Details

• Type: House
• Bedrooms: 6
• Bathrooms: 2
• Garage Spaces: 2
• Land Area: 2,310 m² (approx)