Description
3 MIZZEN PLACE, OCEAN REEF WA (From $1.3M)
AMAZING INVESTMENT. DUAL INCOME. PLENTY OF POTENTIALS! The two 3×1 brick & tile (image mirror of each other) properties sitting on a rare find free hold 900sq m land, perfectly positioned in the sought-after coastal suburb of Ocean Reef., currently rented (both on a fixed lease to mid Jan 2026) for $500 & $525/w respectively or $1025/week combined. located just 2KM from the newly under construction 200 million Ocean Reef Marina development and upcoming Sunset Plaza shopping centre-set which will transform the area into a vibrant hub of dining, retail, and active lifestyle. This amazing investment opportunity will sit nicely in any investor portfolio and represents great value for the savvy investors/Developers or the astute buyers. Now, let us look at the opportunities: • Live in one and lease out the other. OR • Perhaps you have an extended family and you occupy one and have your children’s/parents’/ best mates live next door. And subject to the relative authority’s approvals (current zoning R20- group houses) • While getting the rent, start the subdivision process. OR • Subdivide the large block such as to comply with the relevant zoning requirements, and develop and/or sell each individual block/property • Demolish one and subdivide further subject to WAPC and City of Joondalup future schemes approvals OR • Demolish both and build your mansion on this rare find block in top location • Demolish both and build your 2-storey house where you can view the ocean from the top floor Property Features Include (but are not limited to): Each House: • One separate living zone (lounge) with Gas bayonet (timber floor boarding) • 3 bedrooms all carpeted • Master Bedroom with walk-in-robe and bathroom access (semi-ensuite) • Other 2 bedrooms with Built-in-robes • Combined Kitchen/Dining (with gas cooker, and plenty of cupboard) • Own laundry and separate toilet • Own instantaneous gas HWS • Single carport • Large Enclosed Rear Area Extras: • NBN: HFC- Hybrid Fibre Coaxial (ready to connect) • Instantaneous gas hot-water system • Both properties (though not strata) but for privacy, they are separated nicely by colour bond fences and stands alone. Property Information: • Build Year: 1989 • Block Size: 900 sqm could be treated as corner block • Living Area: 98 sqm approximately each • Local Council: City of Joondalup • Volume/Folio: 1853/602 • LOT 595, Plan 76593 • Water: $2,266 approx. • Council: $3416 approx. • Fully fenced • Double brick and tile Location Particulars: When it comes to location, it is in a top pocket of Ocean Ree, within reasonable distance to: • Ocean Reef Primary School~ 0.85km • Poseidon primary School ~2.2km • Ocean Reef Senior High School~2.2Km • Ocean Reef Park ~0.65KM • Sunset Plaza ~0.75KM • Mirror Park Skate Park ~ 0.80KM • Mullaloo Beach ~1.9km • Prendiville Catholic College ~ 3.3km • Edith Cown College/University~4.5KM • Ocean Reef Boat Harbour ~2.8km • Edgewater ~ 4.4km • Edith Cown College/University~4.5KM • Lakeside Joondalup ~ 5.6km It is very rare when you come across a wonderful opportunity like this. This is a coastal living at its finest… don’t miss out! Contact George Hanna today on 0413 484 667 or email: george@ghanna.com.au to register your interest as viewing is strictly by prior arrangements! Disclaimer: * The particulars of this listing have been prepared for advertising and marketing purposes only. We have made every effort to ensure the information is reliable and accurate, however, clients must carry out their own independent due diligence to ensure the information provided is correct and meets their expectations. * Some of the displayed photos (mainly the internal ones) are for the purpose of illustration only
