The first four super lots of the $220 million Mandurah Ocean Marina project are on the market.
Lands Minister Doug Shave said the super lots offer developers an opportunity to create an exciting mix of tourism, commercial and residential projects.
Expressions of interest are being called for the super lots which range from 4,612 sqm to 24,148 sqm.
“They are significant commercial and investment opportunities for the private sector,” Mr Shave said.
Government investment will be around $50 million, mainly in infrastructure such as the harbour construction and land development.
The Minister said local MPs Roger Nicholls (Mandurah) and Arthur Marshall (Dawesville) had told him the sale of the super lots would be another important step for the region’s strong economic growth.
“The project is being managed by LandCorp and will build on the success of the already completed upgrade of the Mandurah foreshore,” Mr Nicholls said.
Mr Marshall said the way in which the Mandurah Ocean Marina had been planned enabled developers to build to suit market needs while providing a range of business and investment opportunities.
Lot 1, an area of 24,148 sqm and zoned 100 per cent tourist, is expected to be sold for a resort style development offering short term accommodation. It has panoramic ocean views and exclusive frontage to Mandurah’s Town Beach, giving developers the opportunity to build an on the beach style resort.
“Approximately 60 per cent of current Mandurah visitors are day trippers and there’s great potential to convert many of these to overnight stays,” Mr Shave said.
“The pace of development and a predicted permanent resident population of 50,000 within the next few years highlight the region’s potential.”
Lot 3 (4,612 sqm) is zoned tourist/mixed used residential and is ideal for a variety of ground floor cafe, retail and tourist based businesses and tourist accommodation on other floors.
Lot 5 (6,335 sqm) and Lot 6 (8,556 sqm), with a residential density range of R40 to R160, are zoned mixed use/residential and offer opportunities for oceanside living.
LandCorp has appointed McGees National Property Consultants as selling agent for the land.
Its Perth office manages, administers, and negotiates commercial terms for water based facilities such as Hillarys Boat Harbour at Sorrento Quay, Challenge Boat Harbour in Fremantle and Fremantle Fishing Boat Harbour.
Peter Duffield, commercial director of McGees, said the style and convenience of living in a vibrant marina environment would appeal to a range of permanent residents, including those wanting to operate a home business.
“Mandurah Ocean Marina is generating significant interest, including inquiries from people keen to maximise the world class boating facilities it will provide,” Mr Duffield said.
The closing date for expressions of interest in the super lots is March 29 and proposals are expected from local and national developers.
Inquiries about the Mandurah Ocean Marina super lots should be directed to Peter Duffield on (08) 9321 4433.
Media Contacts: Michelle Downie (LandCorp) 9482 749 or John Clune (Minister’s Office) 9213 6500