18 Mandalay Place, Craigie WA 6025

This area has been rezoned to R20/40, making this is a fantastic opportunity to secure a solid double brick 3 bedroom property set on an approx. 683 sqm rectangular block ready for you to come in and make your mark! (STCA)

POTENTIALS for First home owners:

1) Touch up the property, make the block uniquely yours!
2) Sub-divide, sell the land to reduce your mortgage!
3) Sub-divide, build your dream home on the rear and lease the existing home to kickstart your property portfolio
4) Sub-divide and build on the rear and sell the newly built home on completion to reduce mortgage

STRATEGIES for Investors:

1) Retain lease with current tenant
2) Sub-divide and retain or sell both to build equity base
3) Sub-divide and build on rear and add 2nd income stream and to maximise tax savings from depreciation

Property Attributes:

* Land size approx. 683 m2
* Tranquil street
* Joondalup Housing Opportunity Area 5 - Zoned R20/40
* 5-minute drive to Whitford City Shopping Centre
* WALK to Craigie Heights Primary School
* Outstanding Value

(Note: Your own enquiries must be made with the City of Joondalup and the WA Planning Commission for this site and no representations are being made by the seller or their agent.)