BLOCKS can be SOLD separately!! 55 Hastings St and 270 West Coast Highway
The MONEY maker!! Potentially Build up to 18 townhouses with OCEAN VIEWS! 3-4 storey height allowance with 2701sqm of Premium Land (up to 6 storey also considered)
Superbly located in one of Scarborough's most sought after locations, this potential development site over 2 blocks with 5 houses will appeal to many buyers with 2,701sqm of land between West Coast Highway and Hastings St ! (blocks can also be purchased separately)
The property is walking distance to the recent $100 million-dollar redevelopment at Scarborough Beach, with its world class beaches, great cafes/restaurants, playgrounds and many other social amenities. Don't delay for this solid investment or ideal and unique development proposition.
Conveniently located within the Scarborough Redevelopment Area with street frontage of 20.1m The block is elevated at the rear with sensational ocean views
OPTION 1 - Develop into apartments.
OPTION 2 - Develop into 18 double, triple or four storey 4 bed 3 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Keep the current tenants in the properties and collect the rent to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into the front house, rent out the remaining houses to help service the debt. Create equity with the capital growth.
OPTION 5 - Multi-Storey Residential Development
House 1
This renovated lavish Mad Men-esque home brings a wholesome suburban comfort to the modernist design that you are sure to enjoy.
Features:
- Large deck Balcony with amazing inland views of the Indian Ocean
- 3 Spacious bedrooms with BIR
- 2 renovated Bathroom
- Fully renovated kitchen
- Open-plan living area
- Air conditioning
- Renting for $950pw on periodical
- Jarrah floorboards
- Large deck balcony with access to grassed area
- Large garage located underneath with storage and workshop areas
- Ocean Views from living areas and bedroom.
House 2
Features:
- Large outdoor area with Northern Light
- 2 double bedrooms
- 2 bathroom
- 2 car garage
- Market Rental Return $750pw
- Rear Yard
- Boatshed $100pw
- Caravans market rental return $350pw
House 3
Features:
-2 bedrooms
-1 bathroom
Courtyard
Approx. $450pw
House 4
Features:
-2 bedroom
-1 bathroom
-Courtyard
-Approx. $450pw
House 5
Features:
-2 bedroom
-1 bathroom
-Large yard
-approx. $450/week
Be Quick! Opportunities like this don't come around often!
Lot 1 270 West Coast Highway
Scarborough Special Control Area - Gateway East
Lot 2 55 Hastings St
Scarborough Special Control Area - Outer Groves:
https://www.stirling.wa.gov.au/your-city/documents-and-publications/planning-and-building/urban-planning/scarborough-special-control-area-design-guidelines
270 West Coast Highway Scarborough 1353sqm
55 Hastings St Scarborough 1348sqm
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Disclaimer - Every precaution has been taken to establish the accuracy of the advertised information but does not constitute any representation by the vendor or agent. Interested parties are encouraged to carry out their own due diligence in respect of this property prior to putting in an offer.
