Colliers is pleased to offer for sale 115 Brighton Road, Scarborough. An outstanding opportunity to acquire fully leased freehold retail shops with future redevelopment potential in Perth's premier oceanside destination, Scarborough. A rare opportunity not to be missed.
The Opportunity:
A superb opportunity for investors to purchase a fully leased asset in the heart of this desirable oceanside location where there are limited opportunities to acquire commercial properties, or property developers that may seek to redevelop the site to capitalize on its generous development guidelines. The property also suits a range of value-add possibilities and opportunities.
Improvements:
The property consists of a single level 512sqm* retail building with four separate tenancies. The fully refurbished building offers a high standard of fitout and the property including staff/customer amenities at the rear of the property. There is onsite parking for 30 vehicles.
Location:
The property is ideally being near the heart of this vibrant and diverse oceanside location with direct access to Scarborough Beach (1km), Scarborough Beach Road (450m), Observation City (1.2kms).
Tenancies:
The property is fully leased with a combined current rent of approx. $286,680p.a.* Please refer to the selling agent for further details.
Land Details*
Land Area 2,120sqm
Frontage to Brighton Road- 32.79 meters
Zoning:
The City of Stirling advises that the is zoned "Local Centre"
Development Guidelines:
Height limit- Up to 3 storeys
Method of Sale:
The property is offered for sale by Expressions of Interest.
For further information or to arrange an inspection, please contact the selling agent-
*Approximately
** STCA
