55a + b Hastings, Scarborough WA 6019

The MONEY maker!! Build up to 7 houses with OCEAN VIEWS! 3 storey height allowance with 1348sqm

Superbly located in one of Scarborough's most sought after locations, this potential development site with 2 houses will appeal to many buyers with 1348sqm of land just one street back from West Coast Highway!

The property is walking distance to the recent $100 million-dollar redevelopment at Scarborough Beach, with its world class beaches, great cafes/restaurants, playgrounds and many other social amenities. Don't delay for this solid investment or ideal and unique development proposition.

Conveniently located within the Scarborough Redevelopment Area with street frontage of 20.1m The block is elevated at the rear with sensational ocean views
OPTION 1 - Develop into apartments.
OPTION 2 - Develop into 7 double or triple storey 4 bed 2 bath double garage homes. Sell end product to high demand market.
OPTION 3 - Keep the current tenants in the properties and collect the rent to help service the loan. Enjoy the good capital growth whilst servicing the debt.
OPTION 4 - Move into the front house, rent out the rear house to help service the debt. Create equity with the capital growth.

House 1

This renovated lavish Mad Men-esque home brings a wholesome suburban comfort to the modernist design that you are sure to enjoy.

Features:
- Large deck Balcony with amazing views of the Indian Ocean
- 3 Spacious bedrooms
- 1 renovated Bathroom with bathtub
- Fully renovated kitchen
- Open-plan living area
- Air conditioning
- Renting for $750pw on periodical
- Jarrah floorboards
- Large deck balcony with access to grassed area
- Large garage located underneath with storage and workshop areas
- Ocean Views from living areas and bedroom.

House 2

- Large outdoor area with Northern Light
- 2 bedrooms
- 1 bathroom
- 2 car garage
- Market Rental Return $650pw

Rear Yard

Boatshed $100pw
Caravans market rental return $350pw

Zoning Information

Scarborough Special Control Area - Outer Groves

https://www.stirling.wa.gov.au/your-city/documents-and-publications/planning-and-building/urban-planning/scarborough-special-control-area-design-guidelines



Be Quick! Opportunities like this don't come around often!

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.