OPPORTUNISTS!! NOT JUST A UNIT, A POTENTIAL DEVELOPMENT SITE!! Don't miss this - SEAS precinct, only 100M from proposed luxury waterfront developments! Amendment 458 has been approved!
Please see below for sales evidence within SEAS precinct including “RATIO” (ratio of potential new units in replace of old units in the complexes under SEAS.) and “POTENTIAL” (POT = No. of potential units on total site under SEAS.)
-3/24 Filburne, 7 Units on 1063sqm, POT. 8, RATIO1.1, $486K 02/08
-5/170 West Coast Hwy, 8 Units on 1075sqm, POT.17, RATIO 2.1, $520K 06/08
-10/202 West Coast Hwy, 12 Units on 1012sqm, POT.16, RATIO1.3, $535K 12/07
-7/204 West Coast Hwy, 9 Units on 1012sqm, POT.16, RATIO1.7, $535K 08/07
By Comparison;
THIS APARTMENT, 12 Units on 2685sqm, POT 21, RATIO 1.7, $$$?
This is one of the very few blocks of apartments in Scarborough that was previously of conforming use!! That is if you knocked over the 12 apartments you could potentially put 12 houseblocks in their place PEVIOUSLY (IE. UNDER THE ORIGINAL ZONING!!) Now this site is has been rezoned to R80 under the SEAS programme, there is potential to put 21 apartments in place of the existing 12!! That is almost double!!
The cranes are up on Scarborough beachfront and you can just smell it in the air that this iconic suburb is on the eve of great change! Unit 9 is one of only 12, top floor and has refurbished kitchen, own laundry and NO COMMON WALLS!
The site has a huge Northerly front boundary elevated views of the undulating coastal hinterland, as well as having its entire Easterly boundary bordering park. It is surrounded by existing and future quality developments in a precinct set to become the most vibrant and alive on the West coast. Don't miss this opportunity!!
*Whilst every effort has been made to provide the correct information, it is incumbent on purchasers to make their own enquiries to the appropriate bodies prior to purchasing. The sellers and their agents accept no responsibility for any error or misdescription.
