Beachside sale offers prime oceanside development opportunity

Land for sale with views overlooking Perth's most iconic beach , Scarborough

A significant 6,442sqm ocean-front mixed-use development site in the newly revitalised Scarborough Beach precinct has been listed for sale by the State Government of WA.
 
Situated at 500 Reserve Street Scarborough, the site is positioned on the ocean-side of West Coast Highway and offers sweeping ocean views and features two street frontages to West Coast Highway, Reserve Street and overlooks The Esplanade, maximising the development potential of the site.

The property is for sale with Colliers International agents Shane Isaacs and Tim Scott, who note that with an 8-storey building height, and up to 12 storeys including bonuses possible, the development of the site is destined to become a new local landmark. 

“The site overlooks Scarborough Beach, Perth’s most iconic beach and coastal entertainment precinct which has benefited from a $100 million redevelopment creating a vibrant hub including a diverse range of food and beverage, retail, entertainment and activities along the Scarborough Esplanade.“ Mr Isaacs said.

Mr. Scott said “given the prime position, the large land holding and the tight supply of oceanside development sites, we are expecting strong interest from local and off shore buyers keen to secure this superb site.”

The property is being sold by Offers Invited closing, 2pm Wednesday 26th February 2020. 
 

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Tim Scott

Associate Director

Perth

Tim joined Colliers in 2013 and was focused on the leasing of retail assets in the Perth  CBD, the metropolitan region and in major regional centres. In this role, Tim completed over 115 leasing deals to such tenants as supermarkets, swim school, cafes, restaurants, fast food, banks, medical and a variety of other retail.

In 2015 Tim joined the Investment Services team, focusing on the sale of leased assets and development sites in both the  metropolitan and regional markets. Tim has
marketed and sold a number of large properties across the metropolitan area on behalf for a number of different clients  including:
• Developers;
• Government Departments
(Landcorp, MRA, DPLH);
• High Net Worth individuals;
• Property funds; and
• Aggregated strata owners.

Tim has worked with many of Perth’s major developers which has led to a deep understanding of development metrics, planning controls and the structuring of deals
to achieve the maximum outcome for a Vendor. Tim has also worked on both sides of a transaction, acting as a Buyer’s agent to purchase select properties throughout Perth

 

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