Duplex pair on 1112 sqm block zoned R30 – 3 unit site. 28.56m frontage (possible 3 street front blocks). Less than a kilometre from the proposed Mangles Bay Marina.

Location, location, location… the three golden rules of real estate.

Set on a 1112 sqm block with the beautiful waters of Palm Beach less than 450 metres away, this property is set to be a turbo charged investment in the future with the proposed Mangles Bay marina development on your doorstep.

The proposed Mangles Bay marina will include a site for boating clubs, 500 boat pens, recreational, residential and commercial opportunities and a tourist hub including restaurants and cafes. The development proposal is currently in the final stage of environmental approval (see www.manglesbaymarina.com.au for more details).

Located just forty five minutes south of the city of Perth, Rockingham is located on the Peron peninsular and as such enjoys one of the very few North facing beachfronts in the Perth region. The abundance of beautiful beaches, islands and marine parks offer a wonderful aquatic lifestyle – boating, fishing, kayaking, windsurfing etc are all just minutes away.

Palm Beach is the ‘jewel in the crown’ of the Rockingham area and this development site is located in the heart of all these amenities. There is huge potential here for the astute investor.

The buildings are in the main neat and tidy and make for an ideal rental pair for the long term investor. The properties are currently let on a periodical basis and are returning $425 per week collectively. The current tenants would be happy to stay on and would be willing to commit to a minimum twelve (12) month fixed lease arrangement if that suits the buyer.

The property has also benefited from the first round of the state government’s underground power program and is connected to underground power.

39 Griggs Way Rockingham features:

- 1112sqm block
- zoned R30 – potential three unit site
- 28.56m frontage (possible 3 street frontage blocks)
- duplex pair currently returning $425/week (2×1 plus 1×1)
- periodical lease – tenants willing to commit to a fixed term lease
- less than a kilometre to proposed Mangles Bay marina
- 450m to Palm Beach
- restaurant and caf strip just minutes away
- underground power
- bore / retic

Perth is experiencing an influx of nearly a thousand new residents each week and as such the demand for rentals, particularly in the Rockingham area is almost insatiable. In addition, the expansion of the HMAS Stirling Naval base on Garden Island is set to increase this demand.

NOW is the time to take advantage of market conditions and secure your financial future.

Call Sharon Davey on 0439 517 351 for more details.