Expressions of Interest to be submitted no later than 5PM Thursday 22nd May 2025, seller reserves the right to sell prior.
Situated in the heart of Scarborough is this impeccably maintained and presented block of eight, fully renovated, 1-bedroom, 1-bathroom apartments. A very rare investment opportunity in an outstanding location, offering easy walking distance to the beach, bars, cafes and many other lifestyle opportunities.
The land itself is incredible on 1012sqm zoned R40 directly opposite Bennett Park and Scarborough Sportsmen's Club.
With options such as:
- Continue renting with a potential income of approximately $200K P.A. achievable.
- Short-term rental subject to council approval.
- Redevelopment of existing 1012sqm site zoned R40
This incredibly unique opportunity offers fantastic potential returns whichever way you go.
Highlights include:
- Complete renovation of all 8 apartments.
- Electrical switchboard upgraded and replaced, all apartments separately metered.
- Airconditioning installed in all apartments.
- New HWU to all apartments.
- Driveway resurfaced.
- Brickwork restored and painted.
- Bore recently installed, along with garden reticulation.
- Fully landscaped gardens.
- Security lights to carpark.
- New blinds.
- New appliances in most flats (washing machines and ovens).
Please reach out for the link to further information and offer submission.
To arrange an inspection and to discuss this unique investment opportunity, please contact Matt McWaters 0401 792 222 | Caleb McWaters 0487 896 992 or email teammcwaters@harcourtsempire.com.au
Property ID: #L25442545
