The Mews at Scarborough is as a complete block of 4 strata titled residences on a massive 1,229m2 prime site and offers an array of opportunities to the astute investor.
Ideally positioned just a short stroll to the iconic Queens Beach with its expansive sandy stretch of blue water heaven, this outstanding property represents a slice of the emerging Redcliffe Peninsula sought-after lifestyle.
The property currently consists of :
Residence 1 – 2 bed 1 bath 1 car 134m2
Residence 2 – 1 bed 1 bath 1 car 129m2
Residence 3 – 3 bed 3 bath 2 car 245m2 Private courtyard with pool
Residence 4 – 2 bed 1 bath 1 car 103m2
The well-maintained complex is fully tenanted and currently has a gross return of $1,635 per week which could be substantially increased with renovation.
Unit 3 is a double storey 245m2 residence and was originally built as a main home with Units 1,2 and 4 providing an investment income. It enjoys a separate private leafy position with fully fenced yard, sparkling inground pool and double lock up garage.
The combination of living in a beachside home with the benefit of earning investment income is one of the many options of this unique property. The second option is to renovate and increase investment return.
The large 1229m2 block provides a development opportunity to remove the existing units and utilise the 3-storey zoned area for a brand-new complex.
Close to Scarborough’s Public and Private schools, trade college and transport, the beautiful Seaside Village, cafes, restaurants, bike paths, boat ramp and shops, 147 Prince Edward Parade is in one of the best positions on the Redcliffe Peninsula and will ensure an extraordinary long-term investment with its endless possibilities.
Do not miss this opportunity – call Cameron Campbell 0419 785 854 today to organise your private inspection.
