255 St Brigids Terrace, Doubleview WA 6018

Outstanding opportunity to secure a generous redevelopment parcel of land with the bonus of quality commercial building ready to be leased.

West Coast Real Estate are proud to offer 255 ST BRIGIDS TERRACE, DOUBLEVIEW.

With recently completed refurbishment of the property, which includes internal and external painting, new flooring throughout this makes a compelling acquisition for the savvy investor.

THE SITE
Land Area 867 sqm with dual street frontage
Building Area 161 sqm
Highly Visible site with huge passing trade.
Generous Redevelopment Guidelines
A superb residential development opportunity in a highly sought-after and convenient location.

THE LOCATION
The property is situated opposite the Hilltop Shopping Centre with Osborne Park and Scarborough Beach being just 2kms (approx.) away.

THE OPPORTUNITY
The property is perfectly suitable for a residential development capitalizing on buoyant market conditions, a super convenient location and the properties generous development guidelines to create a new landmark development.

IMPROVEMENTS
A spacious 161* sqm single-level character building with five large consulting rooms plus reception / client waiting area. There are nine on-site car bays that are accessed at the rear of the property accessed via a rear R.O.W.

LAND DETAILS
Frontage to St Brigids Terrace/Scarborough Beach Road: 27.38 metres
Frontage to rear lane 10.07m
Land Area: 867 square metres

ZONING
The City of Stirling advise that the property is located with Scarborough Beach Road West Special Control Area and is zoned "Residential 1 R-ACO" with Medical being a permitted use.

DEVELOPMENT GUIDELINES^
Height Limit: Up to 3 storeys
Plot Ratio: 1.0:1.0
Note: Plot ratio bonus may apply

TENANCY DETAILS
The property is currently leased until 25 September 2021 with a current net rent of $72,000 per annum. Please refer to the selling agent for further details.

ASKING PRICE
Buyers Guide - From $1.2mil.

Please call Mark Cribbon for further details 0415 586 767 or [email protected]