Residential, Mixed Use
Lot 500 Reserve Street, Scarborough, WA, 6019
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Overview

  • Property ID:
    21519
  • Offers Invited:
    Wednesday 26 February 2020 at 2PM (WST)
  • Area:
    6442 m2 (*approx)
  • Type:
    Residential, Mixed Use, Apartment Sites
  • Development Potential:
    Residential and Mixed Use Development Site (STCA)

Property Details

LANDMARK OCEANSIDE DEVELOPMENT OPPORTUNITY
 
Key Features:
  • Significant oceanside land holding
  • High profile corner location
  • Land area - 6,442 sqm
Colliers International is pleased to present Lot 500 Reserve Street, Scarborough for sale by Offers Invited, a significant development opportunity in the heart of a bustling and vibrant oceanside location.

THE OPPORTUNITY
The property is suited to a wide range of development possibilities including residential and/or mixed-use options. 

LOCATION
The property is located just 20 minutes from the Perth CBD and overlooks Perth's most popular beach. Scarborough Beach has recently undergone a $30 million revitalisation, creating a superb hub of activity and is home to a range of commercial, residential, recreational, retail and hospitality uses.  

LAND DETAILS
  • Frontage to West Coast Highway: Approximately 31.28 metres
  • Frontage to Reserve Street: Approximately 125.31 metres
  • Total Land Area - 6,442 square metres
DEVELOPMENT POTENTIAL
The maximum height limit for the development of the site is 8 storeys - 29 metres with the potential for up to 12 storeys - 43 metres at the discretion of the Metropolitan Redevelopment Authority.

LEGAL DESCRIPTION
Lot 500 on Deposited Plan 413012 Certificate of Title Volume LR3171 Folio 315.

SALE CONDITIONS
The sellers are registered for GST and the buyer will be required to pay GST at settlement. 

CLOSING DATE
2pm (AWST), Wednesday 26 February 2020. Offers are to be lodged to the selling agent prior to the closing time and date.

* Outlines indicative only
 

Remember to mention you found this property on DevelopmentReady.com.au

Agency information

Shane Isaacs
Property Map
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