Presenting a unique and exciting opportunity, within the Beach Road Precinct of the Scarborough Redevelopment Area. Prominently located at 77 Scarborough Beach Road, on a 445sqm block with mixed use and R80 zoning, the future possibilities are vast. With options for use as a residential home, a business space, or a combination of both, this is the perfect investment with long-term potential and versatility. The site also allows for a four-storey development, subject to council and strata approval. Currently under a secure three-year commercial lease until the end of 2027, generating a gross income of over $50,000 per year, increasing incrementally each year. Property features: - Ample parking for up to six cars, including a secure gated carport. - Extra height decorative ceilings and cornices, leadlight windows and picture railings. - Three bedrooms, one bathroom, sunroom, central living area, tidy kitchen, laundry, store room. - Spacious patio and alfresco area, and rear storage shed. - Carpet and tiled flooring throughout. - Ducted reverse cycle air conditioning and instant gas hot water system. - the property was built around 1945 with a total lot size of 445sqm and is situated in the City of Stirling. To find out more about this property or to register your interest contact Gareth Drummond on 0417 969 473 or email [email protected] PLEASE NOTE: ** Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent. Interested parties are encouraged to carry out their own due diligence in respect of this property prior to putting in an offer.
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