270 West Coast Highway, Scarborough WA 6019
CONTACT AGENT
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6 Bedrooms
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3 Bathrooms
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Landsize 1,353m2
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Rare coastal development & investment opportunity.
This RARE coastal opportunity is perfect for the astute investor as properties like this simply will never exist again!
Located on West Coast Highway a short 100m walk to the sands of Scarborough Beach sits this group of 3 villas. The property is comprised of 3 separate villas, each one a 2 bedroom, 1 bathroom, rental income producing home all positioned on an large 1,353sqm land holding!
What are your options?
1 – Purchase this unique parcel as a holding investment and rent out each of the homes knowing that land like this will only become more and more in scarce.
2 – Maximise the rental return buy renovating the existing villas and grounds to creat a highly desiragble group that could demand much higher rental return than currntly achieving.
3 – The most advantageous opportunity is to create a Multi-Storey Residential Development with sensational views, overlooking our prized world class Scarborough Beach.
Located within the “Gateway East” precinct of the redevelopment area this 1,353sqm parcel meets the current guidelines for the potential approval of a 4 storey development and consideration upon application for an additional 2 storeys. (*all subject to full approvals by relative authorities)
What to know:
Approximate rental return (scope for higher return, speak to agent for info)
Unit 1 – 2 x 1 with yard – tenanted $324/week until 2nd June 2023
Unit 2 – 2 x 1 with yard - tenanted $350/week until 17th Jan 2024
Unit 3 – 2 x 1 with large yard - tenanted $350/week until 24th Feb 2024
The property also features plenty of parking for extras cars/visitors
Capitalize on the biggest transformation this iconic precinct has seen in more than 30 years!
The recently completed $100 million redevelopment has brought this historic lifestyle location back to life.
Property snapshot by reiwa.com
This property at 270 West Coast Highway, Scarborough is a six bedroom, three bathroom house listed for sale by Nathan Tonich at Realmark Urban.
For more information about Scarborough, including sales data, facts, growth rates, nearby transport and nearby shops, please view our Scarborough profile page.
If you would like to get in touch with Nathan Tonich regarding 270 West Coast Highway, Scarborough, please call 0400 403 229 or contact the agent via email.
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Scarborough overview
Home to one of the most iconic beaches in Perth, Scarborough is a desirable coastal suburb within the City of Stirling. Its five square kilometre land area is predominantly used for residential purposes, though it does have a significant entertainment precinct that attracts people from all over the Perth metropolitan area and beyond.
Life in Scarborough
At the heart of Scarborough is the Scarborough Beach precinct. A popular ocean foreshore, it houses a hotel, a variety of shops, restaurants and of course a beautiful coastline.
There are several parks and reserves in Scarborough, such as Abbett Park which provides locals with sporting facilities for football, squash, lawn bowls, tennis and cricket. There are also two primary schools, a library and a community recreation centre within the suburb.
Scarborough quick stats
High end
$1.4m
Median
$1.2m
Low end
$955k
21.9 %
Annual growth
$1.2m
Annual median sales price
$800pw
Annual median rental price
