1 Coral , Scarborough WA 6019
Sold price: $3,250,000
Sold
Sold: 23 Oct 2024
18 Bedrooms
12 Bathrooms
Landsize 2,012m2
House
Contact the agent
Jorden Peirce
0416300431
Capital Property Marketing WA
The Money Maker 2012sqm
2012sqm Corner Block Development Opportunity. Call Jorden Peirce NOW1 CORAL, SCARBOROUGH
Potentially Build up to 9 houses!!
Jorden Peirce presents this massive 2012sqm development site.
The property generates a high income via short term leases and also offers the ability to individually strata the existing 10 apartments and townhouses.
The current planning controls and approval precedents for nearby r40 projects, allows this land to be developed into up to 9 new lots!
OPTION 1 - Develop into 9 Townhouses or single storey villas. Sell end product to high demand market.
OPTION 2 - Renovate existing apartments and receive approx $6,000pw in rental return
OPTION 3 - Keep the current tenants in the properties, collect the rent to help service the loan. Enjoy the blue chip capital growth whilst servicing the debt.
OPTION 4 - Move into an apartment, rent out the rest to help service the debt.
OPTION 5 - Strata title the existing apartments and sell individually to the hot market!
Current Accommodation
House 1 - 2 bed 1 bath
House 2 - 2 bed 1 bath
House 3 - 2 bed 1 bath
House 4 - 1 bed 1 bath
House 5 - 2 bed 1 bath
House 6 - 3 bed 2 bath
House 7 - 1 bed 1 bath
House 8 - 2 bed 1 bath
House 9 - 1 bed 1 bath
House 10 - 2 bed 2 bath
Only a short walk to Scarborough Beach and within close proximity to Karrinyup Shopping Centre, Abbott Pk, Westfield Innaloo, Churchlands SHS and prestigious schools. The demand to move into this appealing suburb will surely increase!
Call Local Area Specialist Jorden Peirce 0416 300 431
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Disclaimer: Whilst every care has been taken in the preparation of the marketing for this property, accuracy cannot be guaranteed. Prospective buyers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Seller or the Seller’s Agent and are expressly excluded from any contract.
Nearby schools
| Deanmore Primary School | Primary | Government | 0.5km |
| St John's School | Primary | Non-government | 0.7km |
| Scarborough Primary School | Primary | Government | 1.1km |
| St Mary's Anglican Girls' School | Combined | Non-government | 1.2km |
| Our Lady Of Good Counsel School | Primary | Non-government | 1.3km |
| Newborough Primary School | Primary | Government | 1.4km |
| Doubleview Primary School | Primary | Government | 1.6km |
| International School Of Western Australia | Combined | Non-government | 1.6km |
| Karrinyup Primary School | Primary | Government | 2.2km |
| Yuluma Primary School | Primary | Government | 2.3km |