5/94 Mandurah Terrace, Mandurah WA 6210

Versatile Mixed-Use Investment Opportunity with Rental Potential

Positioned in a prime location in central Mandurah, this fully renovated two-bedroom, two-bathroom upper-floor unit offers a rare opportunity to secure a property with mixed-use zoning, stylish interiors, and a hassle-free investment potential. Currently occupied by a well-established and trusted barber shop, this property comes with an offering to rent back the space upon sale for $500 per week on a secure Fixed term 12-month lease, providing guaranteed rental income from day one.

The interior has been fully renovated, showcasing stylish and functional design. Timber laminate flooring flows throughout the main workspace, creating a professional yet inviting atmosphere. Expansive windows bring in abundant natural light, adding to the open and airy feel. Adjoining the workspace is a modern kitchen featuring a Smeg dishwasher, electric stove, built-in oven, and a modern teal splashback. The wooden island bench serves as both a practical workspace and a stylish focal point, while cleverly concealed laundry space enhance the overall functionality.

The property's layout includes two bedrooms, both offering flexibility for residential or professional use. The first bedroom, currently set up as a podcast and studio room, features acoustic panelling, a mirrored wardrobe, and a large window with street views. The second bedroom offers privacy and convenience, complete with its own ensuite featuring a spa bath and shower combination, as well as a separate toilet. A second bathroom, fully tiled and equipped with a shower and storage, adds to the property's practicality.

The tiled balcony offers a peaceful outdoor space, with shade screens providing added privacy. The property also features reverse-cycle air conditioning throughout, ensuring year-round comfort. Ceiling fans are installed in the main areas and bedrooms, providing additional comfort to the space. Strata rates for the property are approximately $1,375 per quarter, offering a well-maintained building with added convenience and security. This unit has been thoughtfully designed to meet the demands of both residential and commercial uses. Its central location, within walking distance of Mandurah's most popular attractions, offers unmatched convenience and broad appeal for a variety of purposes.

This property is ideal for investors seeking a secure return, with the current owner's Fixed term rent-back arrangement providing immediate income. Alternatively, it offers endless potential for those looking to establish a business or create a mixed-use space that combines work and lifestyle in one location. Viewings are available by appointment only, contact Jarrod Fleming on 0430 284 042 to arrange your inspection today and explore this exceptional investment opportunity.

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 does not warrant or guarantee the accuracy of the information or take responsibility for any inaccuracies. Accordingly, all interested parties should make their own inquiries to verify the information.