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
