Large site with income stream and flexible development options.
Knight Frank and Peard Real Estate are pleased to offer for sale 17-19 Hastings Street, Scarborough. This exceptional site, located in one of Perth’s most vibrant and evolving residential, commercial/retail precincts, offers buyers an income stream plus development options.
The site adjoins the future Woolworths development which will transform this area of Scarborough into a vibrant commercial retail and residential hub.
Key Features Include:
- Strategic and rare mixed use site to allow up to minimum 8 stories with potential to 12 storeys.
- Underpinned with secure income stream, the site offers flexible development options.
- Improved with 12 large villas returning approximately $288,980 pa gross.
- Potential to develop a mixed use project under the flexible Development WA - Scarborough Redevelopment Scheme; “Beach Road Precinct Plan”.
- Rare opportunity to acquire a large site of 3,195 sqm with wide 40m frontage.
- Close to major facilities and amenities including iconic Scarborough Beach and new pool precinct, transport hub,
established and proposed new retail & commercial tenancies.
- Ideal opportunity for developers to capitalise on the next phase of growth within the Scarborough precinct, including
the future Woolworths Shopping Complex and mixed use project, which adjoins the site.
Existing 12 residential units provide excellent holding income pending future redevelopment.
For Sale by Offers to Purchase closing Wednesday 11 November 2020 at 3pm (AWST). For more information please contact the exclusive selling agents.
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