56 Mandurah Terrace, Mandurah WA 6210
$4,500,000
-
Landsize 5,173m2
Land
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UP TO 5,000M2 OF MANDURAH WATERFRONT PRIME REAL ESTATE!
Land like this rarely comes to market – waterfront outlook with main street exposure and mixed-use zoning.
Summit Realty is pleased to present for sale 5 lots situated in the heart of the Mandurah Waterfront and Central Employment precinct.
This is an excellent opportunity for the astute investor, with the potential to develop up to 5 or 8 storeys, dependent on lot. Ideal for a prominent mixed-use development with exceptional main street frontage for retail use, with upper level residential benefiting from striking views across to The Sebel.
Mandurah is the largest city in WA outside of Perth and is only 45 minutes from the capital.
The city is estimated to continue its strong population growth, with forecasts of a 44% increase between 2016 and 2036, reaching over 120,000 in that timeframe.
In response, the City of Mandurah's has outlined its 'Transform Mandurah' strategic plan, including the recently completed $17m upgrade of the Mandurah foreshore, creating a vibrant streetscape by the waterfront.
Overlooking the revitalised Mandurah foreshore, this location is well-complimented by nearby retail and entertainment offerings, plus many more specialty retailers.
The local government is advancing the $2.5m upgrade plans to the adjacent Smart Street mall, set to improve the appearance and presentation of Smart Street with a focus to activate and provide for pedestrian-based activity.
Limited residential development is recommended for this sub-precinct zone.
Lots 30 (#56) & 31 (#57) Mandurah Terrace
• Mandurah Waterfront Precinct.
• Leisure Retail, Restaurants and Cafés and Entertainment uses are recommended to be the core activities in this sub-precinct, supported by office, tourist accommodation and residential uses.
• Max 75% residential floor space.
• R-AC3.
• 21m (5 Storey) / 2 Storey minimum.
• Semi active street frontage, minimum 1.5m street setback.
• Minimum 2.70 AHD building FFL – TBC with Shire.
• Total area 2134m2
• Total frontage 40.26m
74 (#38), 75 (#36) & 76 (#34) Sholl Street
• Central Employment Precinct.
• Office uses are recommended to be the core activities in this sub-precinct, supported by retail, showroom, residential and tourist accommodation.
• Max 25% residential floor space.
• R-AC2.
• 32m (8 Storey) / 2 Storey minimum.
• Semi active street frontage, minimum nil street setback.
• Minimum 2.70 AHD building FFL – TBC with Shire.
• Total area 3039m2
• Total frontage 60.39m
Listing snapshot by reiwa.com
This land listing located in Mandurah has been listed for sale by Brock Gurr at Summit Realty Waikiki Baldivis.
If you would like to get in touch with Brock Gurr regarding this listing, please call 0417 972 876 or contact the agent via email.
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Mandurah overview
A vibrant mixed-residential and commercial suburb, Mandurah is the heart of the Peel district. Once a small fishing village, Mandurah has evolved into a thriving regional city and a popular destination for tourists. Situated along Western Australia's coastline, Mandurah has firmly established itself as a first class 'sea change' destination with an array of property developments that include everything from family homes, to modern apartments in new estates and luxurious mansions with canal views.
Life in Mandurah
An alluring mix of inner-city panache and classic suburban culture define the Mandurah lifestyle. As a result of the 'sea change' phenomenon which transformed the suburb, Mandurah is now home to a major shopping centre, quality restaurants, charming retail outlets, a bustling foreshore and a pulsating boardwalk. Throughout the year, Mandurah hosts several popular annual events such as the Crab Festival in mid-March and the Mandurah Boat Show in mid-October. Other notable features include the Mandurah Train Station, which provides a fast transport option into and out of the Perth CBD, and local schools, Mandurah Primary School, Mandurah Baptist College, Mandurah Catholic College and Frederick Irwin Anglican School.
Mandurah quick stats
High end
$503k
Median
$445k
Low end
$394k
26.3 %
Annual growth
$445k
Annual median sales price
$490pw
Annual median rental price
