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Beachside sale offers prime oceanside development opportunity

Land for sale overlooking Perth's most iconic beach

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 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.