1012m2 with DA in place for block split
Located at the northern end of Scarborough Rd just a short stroll to Scarborough Village and the beach, this property is set to tempt the canny buyer who understands the true value of land in this sought after Peninsula suburb.
We could talk about the home which has 4 bedrooms, 2 bathrooms a double lock up garage, split system air-conditioning and more. It's brick and tile construction built a little over 20 years ago. It's a comfortable home that's ready to live in as is, but also has tonnes of room to add your own personal touches.
But the big thing here is the land. 1012m2 of Scarborough gold. Measuring 20.2m wide x 50.4m long (approximately) there is oodles of space and decent side access to the massive garden. The bonus here as well is that the current owners have just had a DA approved to split the block into two lots and this comes with the purchase.
Currently tenanted (with the best tenants) who would love to stay much longer than the end of their lease (mid March 2021), the opportunity exists for an investor seeking a decent return, under-pinned by land value PLUS development opportunity going forward.
Properties such as this one are fast becoming a rarity and they never last long. The motivation to sell here is genuine. Call today to arrange an inspection, but just a word of warning: Do not WAIT!
