33 SCARBOROUGH BEACH ROAD, NORTH PERTH *For Sale UNDER INSTRUCTION FROM THE PUBLIC TRUSTEE* This is one incredible opportunity to purchase a supersized block of land on Scarborough Beach Road. YOUR INVESTMENT OPTIONS • 900sqm full level site • R80 Mixed Use – City of Vincent • Residential dwellings • Commercial options Existing Home Two bedroom character cottage. The 1948 home is original condition with few additions and updates over the successive years. With a little TLC it could be rentable and liveable while your dream development comes to life. Several different subvisible options R80-Mix Use -Full Block Combined with potential city views, the 900sqm lot of land is zoned R80 Mixed Use and is located in the City of Vincent Activity Corridor. There is a Council-owned sealed ROW Lane to access the side and rear of the property entering off Pennant Street, making access to any planned development easy. R80-M/U – Min 100/Av 120sqm as specified in the Residential Design Codes (RCodes) for Western Australia Commercial and Industrial " Over recent years, North Perth revitalisation has gathered significant momentum, with a variety of new developments and businesses bringing new residents and vibrancy to the town centre. New bars, cafés and restaurants, along with gourmet food and retail outlets have all contributed to an ongoing transformation of North Perth into a lively, diverse and inclusive destination. The recent global economic uncertainty has combined to create nervousness in the market particularly affecting the investment market with institutions and large property syndicates now sidelined in terms of potential purchasers and now affecting all property market sectors. At present there is some demand (although weaker) in the market, mainly from private investors and high net worth individuals. Investor's inquiry levels are still down however developers are seeking opportunities. Property demand in the market still exists for well secured lease investments or those properties that are perhaps multi tenanted with diversity in tenancy income flows. Also, the market is starting to see the opportunity to acquire land in well located and in "built up" areas as positive. Developers, investors and potential owner occupiers are increasingly seeking out this type of property for its potential development opportunities and proximity to the city. We encourage your strong consideration of this investment opportunity and look forward to assisting you with your enquiries. Pasquale Cianfagna, MD Edison Corporate Synopsis This popular location offers close proximity to the city and beaches with easy access to the Freeway and all main arterial roads. Many professional business's and recreational amenities are available and well-respected schools are located within its boundaries. Shopping options abound with the North Perth Plaza, trendy Angove Street and Mt Hawthorn's Mezz Centre precincts all close by. Bike paths lead to Leederville and the CBD which is less than 3 km away. The Cafe and dining set will love the buzz of nearby Mt Hawthorn and Leederville's Oxford St whilst Hobart St Deli & Chinta Cafe are almost on the door step. Current Outgoings Water Rates $1093-74 approx. pa Council Rates $1443-39 approx. pa FOR DEFINITE SALE – Please register your interest for comprehensive Property Information Book [PIB] ** To satisfy yourself in all respects of this property we recommend you please refer to City of Vincent // State Planning Policy 3.1 Residential R-Design Codes