64 Forrest Street, Mandurah WA 6210

Buy now, develop later and receive rental income while you wait.A fantastic opportunity to get in on the ground floor of the developer market in Mandurah! This 1011sqm block in central Mandurah is zoned R60 and looking for its next investor. With tenants in place until April 2018 all you need to do is reap the rewards now and develop later. R60 zoned, with development potential for up to 10 units (subject to Council Approval), located central to Mandurah City and so close to Mandurah's foreshore, restaurants, bars, beaches, schools, public transport and shopping.With an excellent location, the potential is endless.Features Include:HUGE 1011sqm block with development potential for up to 10 units.Rental income of $250pw (lease until April 2018).A well maintained 3 bedroom, 1 bathroom house.Conceptual development plans available on request.Excellent location, a walk to Mandurah foreshore, close to public transport and all amenities.Mandurah is WA's fastest growing regional city with construction happening all over including the new Mandurah foreshore development and the replacement project of the old Mandurah bridge in progress. Now is the time to get in on the ground floor, prosper and be involved in the exciting future of The Peel Region!