46 Scarborough Beach Road

Scarborough WA 6019

1626 m²

Block of units

Currently for sale - view listing

Overview

"BLUE CHIP INVESTMENT OPPORTUNITY"

GREAT HOLDING INCOME WITH OPTIONS APLENTY! 46 & 48 Scarborough Beach Road, SCARBOROUGH Large income producing development sites, side by side in this popular beachside suburb are exceptionally rare & the bonus is they offer a strong diversified holding income from multiple fully leased properties that are all currently leased. This joint offering presents a strategic 1,626m2 landholding across two titles & they are positioned within the highly sought after MRA Scarborough Design Guidelines - Beach Road Precinct OPTIONS AVAILABLE , Purchase both properties jointly or the owner will consider selling 46 or 48 separately 46 Scarborough Beach Road, 726m2 of land with an apartment complex situated thereon • 4 x 2 bedroom / 1 bath units that have been completely renovated & come fully furnished, all are tenanted • 2 x 2 bedroom / 1 bath ground floor units & both are tenanted & unfurnished • 1 x 1 bedroom fully furnished unit currently tenanted • Store room / Office + 4 garages currently not allocated to tenants & marked car bays 48 Scarborough Beach Road, 900m2 of land with 3 properties situated thereon • 2 x 3 bed / 2 bath townhouses fully renovated & furnished with second stories containing a balcony & the ground floor comes with a pleasant private courtyard • Both townhouses have parking for 2 vehicles • Rear 4 bed 2 bath fully renovated single level home complete with two separate living areas open plan kitchen overlooking meals/dining + outdoor entertaining area + double carport These properties currently have a healthy combined INCOME ( Income statement available for qualified buyers) & are being offered as a JOINT OFFERING which allows the astute investor to purchase both properties as a package deal. Once you have secured this attractive offering you can then decide to: • Retain the properties as an investment & enjoy the regular income that they provide • Explore the options available under the MRA Scarborough Design Guidelines - Beach Road Precinct • Currently on application you can apply for a 4 storey building (15m) however there is a option to apply for additional stories to a maximum of 6 stories (22m) if you meet the criteria listed for Tier 1 or Tier 2 of the Authority's Development Policy on Green Buildings (full details available on request) If you are interested in obtaining further Development documents / information that come with this BLUE CHIP INVESTMENT please contact the Listing Agents Kelvin REYNOLDS 0414 722 576 & Glenn CALLANAN 0419 008 333 at "SEABREEZE REALTY" your Local Agency