120 Marine Parade

Contact agent for details

Property Features

Property ID: 3269246

Land Size
561.00 m2


You can't get more Cottesloe than this extraordinary site, right in the heart of it all in the main beachfront precinct. The traditional relaxed Cottesloe atmosphere spills into the excitement of development potential, with the opportunity to create a new landmark building with ground-floor commercial/retail and four storeys of luxury apartments with views forever.

On 561sqm with Foreshore Centre zoning, the existing 1960's building comprises ground-floor retail with two apartments above, plus four more apartments over two floors and parking on site. Excellent holding income is in place, from various tenancies up to 12 months.

Cottesloe Beach has been the favourite seaside destination for generations of West Australians and visitors from afar drawn to this ocean paradise. Early morning swim or walk, have a drink and watch the sunset or stroll through Sculpture by the Sea. Don´t miss this very rare chance to invest in a precious piece of waterfront land.

- Rare chance in dream location
- Prime beachfront location
- 561sqm
- Foreshore Centre Zoning
- Potential ground-floor commercial/retail plus four storeys luxury apartments
- Existing 1960s building comprising retail plus six apartments
- Holding income from current leases
- Flexible investment: landbank or redevelop
- Ocean, sunsets, endless views, restaurants: beachside paradise
- Iconic tourist destination