This golden investment opportunity has two enormous drawcards: land and location. Positioned just one property back from the dazzling Scarborough Beachfront, the 1796SQM block enjoys Indian Ocean views.
Zoned R30, there's potential for this site to be developed into 5 or 6 units (subject to standard council approvals).
The current owners have lived at the property for 50 years, and have cherished the easy beach access via the Warri Road walkway, as well as the close proximity to shops, amenities and restaurants (the scenic route to Scarborough's main strip goes along the sand). They also report there's very little traffic noise heard on this property - just lots of birdsong!
Two lots have been merged to create this rare super block, which at 1796SQM is significantly larger than what's typically found anywhere in Perth - let alone the suburb that's poised to become Perth's most exciting place to be. Not only is the revitalised foreshore precinct opening soon, there's also $450 million being spent to make Westfield Innaloo one of WA's leading shopping and leisure destinations, and further capital being poured into upgrades at the nearby Karrinyup Shopping Mall. Furthermore, light rail between Glendalough Station and Scarborough Beach has been cited in the State Government's Public Transport Plan.
There are 4 existing units on the site, with 2 being currently leased while your plans come together. We are on hand to discuss various potential development strategies with you.
Opportunities as good as this do not come around often, so we anticipate keen interest - express your interest immediately to avoid disappointment!