Calling all Occupiers, Investors and Developers – this is a rare opportunity to occupy or invest with future development potential within walking distance to one of Perth’s most iconic beaches within the sought-after coastal suburb of Scarborough. Sitting on an elevated 1,419sqm block with a desirable Northern aspect, this offering is very liveable as it stands and eminently renovate-able.

Accommodation:
Ground Floor: 2 x Bedrooms, 1 x living room, 1 x dining room, kitchen, laundry/bathroom and outdoor courtyard
Second Storey: 1 x Master Bedroom with ensuite bathroom, living room plus balcony with ocean views.

Zoning & Redevelopment Potential:
Situated within the ‘Mixed-Use Precinct’ within MRA’s Scarborough Masterplan, providing outstanding redevelopment potential up to 8-storeys (with bonuses up to 12-storeys plus) subject to council approval. Potential uses include a diversity of commercial, tourism and high density residential development.

Property Highlights:
Limited building footprint with outstanding redevelopment potential
State Government and City of Stirling have recently invested over $100 million to transform Scarborough Beach foreshore into one of Australia’s best beachfront and tourism destinations.
Mixed-use zoning allowing for flexible development options including residential apartments, short-stay, build-to-rent above ground floor retail/commercial.
Short 350m walk to picturesque Brighton Beach Waterfront and further 550m to the Scarborough Beach Entertainment precinct and Amphitheatre.
Scarborough has a highly dense population with 3,400 people per square km, well above the greater Perth average of 315 people per square km.
Affluent coastal suburb with median weekly household income for Scarborough of $1,565 versus greater Perth figure of $1,481.
Bus-stop immediately adjacent providing outstanding public transport options

Location:
The property is located on the southern side of Brighton Road, a short distance from the intersection with West Coast Highway, providing excellent access to both the northern & southern coastal suburbs. Scarborough Beach Road runs parallel to Brighton Road, a short distance to the North, allowing for connectivity to freeways in both directions. The property is less than a 10-minute walk to the heart of Scarborough’s entertainment precinct, overlooking some of the best coastline’s WA has to offer.

Open for Inspection:
Saturday 14th August 2021, 11am – Midday

For further information, contact the Exclusive Selling Agents Jake Wallman and Vincent Siciliano.

*approximate