LANDMARK OCEANSIDE DEVELOPMENT OPPORTUNITY
- 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 property is suited to a wide range of development possibilities including residential and/or mixed-use options.
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.
- Frontage to West Coast Highway: Approximately 31.28 metres
- Frontage to Reserve Street: Approximately 125.31 metres
- Total Land Area - 6,442 square metres
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.
Lot 500 on Deposited Plan 413012 Certificate of Title Volume LR3171 Folio 315.
The sellers are registered for GST and the buyer will be required to pay GST at settlement.
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