260 Scarborough Beach Road, Doubleview, WA, 6018, Australia

RE DEVELOP OR INVEST BOTH ARE VIABLE OPTIONS .

• ZONING - GOVERNED BY THE CITY OF STIRLING AND IS ZONED RESIDENTIAL R40 IN CONJUNCTION WITH THE SCARBOROUGH BEACH ROAD WEST LOCAL DEVELOPMENT PLAN IN THE SCARBOROUGH BEACH ROAD ACTIVITY PRECINT ZONED MIXED USE R-ACO AND IT IS PERMIITED TO BUILD 5 STOREYS ON THIS SITE.

• LOT SIZE - 2349 SQUARE METERS WITH AN INCREDIBLE 50 METERS FRONTAGE TO SCARBOROUGH BEACH ROAD, LOTS LIKE THIS ARE VIRTUALLY IMMPOSSIBLE TO AQUIRE ON THIS MAIN ARTERIAL ROAD .
• COMPLETE BUILDING - 10 APARTMENTS ALL 2 BEDROOM x ONE BATHROOM.
• REAR LANE - EASY TENANT ACCESS FROM MOONSTONE LANE .
• ALL UNITS FULLY LEASED ON PERIODIC TENANCIES - AVERAGE TENANCY SIZE 62 TO 65 SQUARE METERS LIVING AREA 7 APARTMENTS WITH A 4 SQUARE METRE BALCONY ALL WITH AN ALLOCATED CAR BAY WHICH FORMS PART OF THE TITLE .
• OPPOSITE HILL TOP SHOPPING CENTRE - WITH 7 SPECIALIST TENNACIES INCLUDING BAR ,BEAUTY CLINIC , CELLAR DOOR ,CAFE , FRUIT AND VEG SHOP, DOMINOS , ORGANIC PRODUCE OUTLET AND A BUS STOP AT THE FRONT DOOR.
• STRATA - THE SELLERS HAVE A 10 LOT STRATA PLAN IN PLACE HOWEVER THERE IS NO STRATA COMPANY OPERATIONAL .

GENERAL - SIMPLY PUT THIS IS A VERY RARE OPPORTUNITY TO PURCHASE A SITE SUCH AS THIS IN ONE OF PERTHS PREMIER LOCATIONS / SUBURB , IT IS A TERRIFIC SITE WHICH IN FACT THE LAND MAKES UP MOST OF THE VALUE OF THIS PROPERTY, THE 10 APARTMENTS AND THE INCOME ARE A GREAT BONUS, THE APARTMENTS ARE ALL IN EXCELLENT CONDITION AND SORT AFTER AS RENTALS , THERE ARE SCHOOLS CLOSE BY , REGIONAL INNALOO SHOPPING PRECINT , RESTAURANTS,HOTELS,BARS AND 5 MINUTES DOWN SCARBOROUGH BEACH ROAD THE MAGNIFICENT SCARBOROUGH BEACH AND ITS ENTERTAINMENT PRECINT WITH ALL IT HAS TO OFFER , OPPORTUNITIES LIKE THIS DO NOT COME ALONG OFTEN THEY ARE USUALLY A GENERATIONAL HOLD FOR FUTURE FAMILY WEALTH / INCOME.

PLEASE CALL CHRIS FARRIS 0413945667
EMAIL chris@jpg.com.au
Johnson Property Group Australia Pty Ltd
Suite 31 - 25 Walters Drive
Osborne Park WA 6017