Under Offer 18/04/2024
PRICE REDUCED to $245,000
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5/98 Mandurah Tce, Mandurah WA 6210

Apartment
211
Block size: 1.09 Hectares approx.

Super Little Investment

This 68m2 ground floor 2 bedroom strata unit has had a long standing tenant for approx. 7 years and he would love to stay. From 17/4/2024 the tenant will pay $320 pw as an agreed rent up to 17/10/2024.

The property is leased until 21/8/24 and the tenant has verbally advised he wants to stay and would love to extend.
Rent reviews are based on a minimum $20 pw increase up to a maximum $40pw increase depending on market rents.

Outgoings are $1688 pa for Council 2023/24, Strata Levies are $613.24 per quarter and Water rates of $165 per every 2 x months, property management is at 9.35% (Approx $30pw) plus normal inspection costs etc.

This unit is one of the largest in the complex, it has 1 x wall air conditioner, there is a bus stop near the front of the complex providing access to the town centre and the train station, and it has the advantage that it's car bay is just outside the unit plus it has nearby visitor parking.

It is situated close to the active and interesting Mandurah Marina precinct where there are restaurants, cafes and a host of waterside activities plus a short walk to relaxing sandy beaches.

If you have any questions feel free to email them to me. Peter Vetten m: 0403584466 or e: pvetten@rhmandurah.com.au

DISCLAIMER: Every care has been taken to verify the accuracy of the information contained in this advertisement, but no warranty (either express or implied) is given by Raine & Horne or its agent, as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.

Features include: Air conditioning,Ensuite

Inspections

No open inspections scheduled.

Send an enquiry

Contact Peter Vetten to learn more about this property, request an inspection or take an online tour.

Key details

Bedrooms:
2
Bathrooms:
1
Garage Spaces:
1
Property type:
Apartment
Block Size:
1.09 Hectares*

Other Details

Lot:
5
Legal description:
S017133/5
Raine & Horne Mandurah

Maps and area information

Block information
Block size: 1.09Hectares (approx)
Legal description: S017133/5
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Nearby sales

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We found 14 apartments with 2 bedrooms that just sold near 5/98 Mandurah Tce Mandurah

Property history

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Mandurah suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
51 years
Population
8,804
Listing ID: 182402542. This listing has been viewed 14 times. It was first displayed on 26/03/2024 and last updated on 18/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.