1 Cox Street

Mandurah WA 6210

Please feel free to make an offer on the property , but realise its rented for $480 PW so I wont be giving it away . 1 Cox st Mandurah consists of two 3 by 1's on a 1216m2 block , One of the units is rented currently to a fantastic tenant Mark whom treats the property like his own. He keeps it neat , It has one box type aircon mains gas and is in reasonable repair , bathroom is a bit old but he hasn't complained so ..has large shed near rear of property Unit two is now complete and rented to two lovely young people whom like to keep the place nice and clean , Has new mains hot water and gas cooktop , has 2 aircons , one large reverse cycle in one of the bedrooms , and a box aircon in the living room Has near new carpet in main bedroom ( 2 yrs old ) The plumbing gave issues last year so fixed it properly with new setup from shower to drain , This unit also has the carport with electric roller door . The Property is ZONED R100 ( which adds about $100k to the price) . This allows for a 5 story mixed residential /commercial property to be developed at your leisure.This is a great property located in a great spot to capitalize on future developments in MandurahWhy buy this property over another similar property?That is simple $$$$ With two units there are two income streams , so rather than get $250 PW for one ( and still having to pay $450,000 + ) , your return is $480 P/W thus its actually good buying even if it wasn't R100 ! . I'm only selling as I've moved back to New Zealand for family related reasons .