Rare Commercial Freehold Scarborough Opportunity
• Zoned ‘Mixed Use – Local Centre’
• Iconic South Scarborough Location – Local Centre
• Substantial Holding income
• First Time Offered in 43 years.
Code Real Estate are pleased to present to the market for sale.
115-117 Brighton Road, Scarborough.
This incredibly rare offering boasts a 2122sqm freehold site with a large array of potential uses and sensational upside to acquire a property of this size and scope in the highly sought & iconic suburb of Scarborough.

Property Features
+ Huge 2122sqm freehold site
+ Zoned ‘Mixed Use – Local Centre’
+ Iconic South Scarborough Location
+ New Leases 5 year plus option 5 years
+ 620sqm* improvements
+ Suitable for a range of buyers including investors and developers with the ability to build multi-level mixed use Development
+ Incredibly rare South Scarborough offering
+ 32 carbays on concrete hardstand
+ CCTV Security Cameras surveillance

Income & Use Options
The property is currently leased to mixed use businesses being
115a Arthur Artisan Bakery
115b West Coast Real Estate
117a Alchemy Brew House Licenced Premises (Mediterranean Tapas)
117b Driphouse Coffee House
New Leases in place with Security Bonds
The current net rent is $295,000 + GST pa.

Zoning
The property is zoned.
City of Stirling Local Planning Scheme No. 3
Under the provisions of the City’ Local Planning Scheme No. 3 (LPS 3) the subject site is zoned
‘Local Centre’ with a residential density code of R30 Development Plan.
The plan outlines that should this property be developed that the minimum build height would be Three stories The development would consist of commercial/retail on the ground floor and residential only above this.

The owners engaged Rowe Group for comprehensive report document of the property with analysis of possible uses & height considerations of development.
This document can be accessed via email.
stephen@leswoodholdings.com.au


Location
The property located 1km from of Scarborough Beach with possible ocean views from future development buildings along with fantastic access to the iconic Scarborough beach coastline. The property also enjoys excellent access to both Karrinyup & Innaloo shopping centres and is walking distance to local popular beaches, bars & cafes.

The property is a rare commercial offering within the highly sought suburb and is just;

- 1km from the Scarborough coastline & entertainment strip
- 300 metres from extensive bus stop routes via Scarborough Beach Road
- 30 metres from Brighton Fresh Market (IGA)
- 3kms from Karrinyup Shopping Centre
- 11kms from Perth CBD


Legal Description

Lot 3 on Diagram 44074 Certificate of Title Volume 1346 Folio 553

Method of Sale
The property is being sold via "OFFERS TO PURCHASE "
closing at 2pm on the 24th of May 2024.
No GST sold as a going concern.
The Seller reserves the right to sell the property prior to the closing date.

All enquires to
0401064022
stephen@leswoodholdings.com.au