From $2,900,000
270 West Coast Highway, Scarborough WA 6019
House
636
Block size: 1353 m² approx.
This is your 2nd chance to secure this prime coastal development site!
Don't miss your 2nd chance on this one, last contract fell through so now it's your chance!
This RARE coastal opportunity is perfect for the astute investor as properties like this simply will never exist again!
Located on West Coast Highway a short 100m walk to the sands of Scarborough Beach sits this group of 3 villas. The property is comprised of 3 separate villas, each one a 2 bedroom, 1 bathroom, rental income producing home all positioned on an large 1,353sqm land holding!
What are your options?
1 Purchase this unique parcel as a holding investment and rent out each of the homes knowing that land like this will only become more and more in scarce.
2 Maximise the rental return buy renovating the existing villas and grounds to creat a highly desiragble group that could demand much higher rental return than currntly achieving.
3 The most advantageous opportunity is to create a Multi-Storey Residential Development with sensational views, overlooking our prized world class Scarborough Beach.
Located within the "Gateway East" precinct of the redevelopment area this 1,353sqm parcel meets the current guidelines for the potential approval of a 4 storey development and consideration upon application for an additional 2 storeys. (*all subject to full approvals by relative authorities)
What to know:
Approximate rental return (scope for higher return, speak to agent for info)
Unit 1 2 x 1 with yard tenanted $324/week until 2nd June 2023
Unit 2 2 x 1 with yard - tenanted $350/week until 17th Jan 2024
Unit 3 2 x 1 with large yard - tenanted $350/week until 24th Feb 2024
The property also features plenty of parking for extras cars/visitors
Capitalize on the biggest transformation this iconic precinct has seen in more than 30 years!
The recently completed $100 million redevelopment has brought this historic lifestyle location back to life.
This RARE coastal opportunity is perfect for the astute investor as properties like this simply will never exist again!
Located on West Coast Highway a short 100m walk to the sands of Scarborough Beach sits this group of 3 villas. The property is comprised of 3 separate villas, each one a 2 bedroom, 1 bathroom, rental income producing home all positioned on an large 1,353sqm land holding!
What are your options?
1 Purchase this unique parcel as a holding investment and rent out each of the homes knowing that land like this will only become more and more in scarce.
2 Maximise the rental return buy renovating the existing villas and grounds to creat a highly desiragble group that could demand much higher rental return than currntly achieving.
3 The most advantageous opportunity is to create a Multi-Storey Residential Development with sensational views, overlooking our prized world class Scarborough Beach.
Located within the "Gateway East" precinct of the redevelopment area this 1,353sqm parcel meets the current guidelines for the potential approval of a 4 storey development and consideration upon application for an additional 2 storeys. (*all subject to full approvals by relative authorities)
What to know:
Approximate rental return (scope for higher return, speak to agent for info)
Unit 1 2 x 1 with yard tenanted $324/week until 2nd June 2023
Unit 2 2 x 1 with yard - tenanted $350/week until 17th Jan 2024
Unit 3 2 x 1 with large yard - tenanted $350/week until 24th Feb 2024
The property also features plenty of parking for extras cars/visitors
Capitalize on the biggest transformation this iconic precinct has seen in more than 30 years!
The recently completed $100 million redevelopment has brought this historic lifestyle location back to life.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nathan Tonich to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
6
Bathrooms:
3
Garage Spaces:
6
Property type:
House
Block Size:
1353 m²*
Other Details
Lot:
6
Legal description:
D013121/6
Maps and area information
Block information
Block size: 1353m² (approx)
Legal description: D013121/6
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Property history
We couldn't find any history for this property.
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Scarborough suburb information
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SummaryMedian sales
Average Age
36 years
Population
17,605
Listing ID: 182448824. This listing has been viewed 5 times. It was first displayed on 15/04/2024 and last updated on 18/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.