This is a rare opportunity to acquire a 1,419sqm development site within in the affluent coastal suburb of Scarborough, within walking distance to one of Perth's most iconic beaches.
Property Highlights:
- Limited building footprint with outstanding redevelopment potential up to 8-storey’s (12-storeys with bonuses) STCA
- State Government and City of Stirling have recently invested over $100 million to transform Scarborough Beach foreshore into one of Australia's best beachfront and tourism destinations.
- Mixed-use zoning allowing for flexible development options including residential apartments, short-stay, build-to-rent above ground floor retail/commercial. Short 350m walk to picturesque Brighton Beach Waterfront and further 550m to the Scarborough Beach Entertainment precinct and Amphitheatre.
- Scarborough has a highly dense population with 3,400 people per square km, well above the greater Perth average of 315 people per square km.
- Affluent coastal suburb with median weekly household income for Scarborough of $1,565 versus greater Perth figure of $1,481.
- Bus-stop immediately adjacent providing outstanding public transport options
Location:
The property is located on the southern side of Brighton Road, a short distance from the intersection with West Coast Highway, providing excellent access to both the northern & southern coastal suburbs. Scarborough Beach Road runs parallel to Brighton Road, a short distance to the North, allowing for connectivity to freeways in both directions. The property is less than a 10-minute walk to the heart of Scarborough's entertainment precinct, overlooking some of the best coastline's WA has to offer.
Zoning & Redevelopment Potential:
Situated within the 'Mixed-Use Precinct' within MRA's Scarborough Masterplan, providing outstanding redevelopment potential up to 8-storeys (with bonuses up to 12-storeys plus) subject to council approval. Potential uses include a diversity of commercial, tourism and high density residential development.
Land Area:
1,419sqm*
Open for Inspection:
Saturday 14th August 2021, 11am - Midday
For further information, contact the Exclusive Selling Agents Jake Wallman and Vincent Siciliano
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