This prominent and centrally located 2475m2 site incorporates an approx 550m2 building currently leased as a function centre adjoining the Atrium resort and also includes the external pool for the Atrium.

The existing building may be suited to office use (or training rooms) for an owner occupier or for the investor may be interested to keep the existing lessee.
The existing lessee has indicated a new 3 year lease can likely be entered into which will provide a good holding income if required.

The site also has a ROW easement allowing access off Peel St through the carpark to the site. The entry is fronting Peel St alongside the Paparazzi restaurant.

94 Mandurah Terrace is an ideal future development site that has a split zoning of mixed use, tourist / residential R80 (please refer to the City’s website for Mandurah Terrace Precinct Plan).
The Precinct Plan identifies a max building height of 4 storeys (min 2 storeys) at the front of the property, and a max building height of 8 storeys or 25m (possible bonus to 12 storeys or 40m) for the rest of the property.
Minimum plot ratio will be 1.0 as per Table 4 of the Residential Design Codes.

For further details please call Peter Vetten