Prime Mandurah waterfront real estate opportunity
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 totalling 5,173m2, 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
Please contact Brock Gurr 0417 972 876 or BrockG@summitrealty.com.au for more information.