Well-known surf retailer to relocate to new Scarborough Beach Road shop.
A family-owned Scarborough property has changed hands for the first time in more than 80 years in a transaction negotiated by Colliers International Metropolitan Markets Director Nicholas Agapitos.
The mixed-use property at 21 Scarborough Beach Road occupies a central site in Scarborough’s redevelopment area and was previously the long-term home of fishing shop Tackle World.
It was purchased by popular Scarborough retailer The Surf Boardroom, which plans to relocate to the property where there is room to accommodate its expanding surfboard and surf accessory business.
The sale price was not disclosed.
The zoning on the 1581sqm property also allows a future redevelopment of up to 18 storeys with retail and commercial uses on the ground floor and apartments, hotel and office uses on the upper levels.
The foreshore redevelopment is being steered by the Metropolitan Redevelopment Authority’s Scarborough master plan and includes mixed-use projects and increased densities around the new beachfront.
After a number of property sales and building starts in the past two years, Mr Agapitos said there were few development sites still on the market in Scarborough’s redevelopment area.
“When finished, the Scarborough master plan will ensure the residential, tourism and recreation components are successfully blended in this beachfront suburb,” he said.
Scarborough’s foreshore is one of WA’s most popular tourist attractions and its redevelopment is being driven by a $30 million investment from the State Government and $27.4 million from the City of Stirling.
Civil works company Georgiou Group was last week appointed as the head contractor for the redevelopment of the Scarborough beachfront.