The Mews at Scarborough is a complete block of 4 strata titled units on a massive 1,229m2 prime site and offers an array of future development 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 :
Unit 1 – 2 bed , 1 bath , 1 car 134m2
Unit 2 – 1 bed , 1 bath , 1 car 129m2
Unit 3 – 3 bed , 3 bath , 2 car 245m2 with private courtyard with pool
Unit 4 – 2 bed , 1 bath , 1 car 103m2
The well-maintained complex is fully tenanted and currently has a gross return of approximately $1,400 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 1,229m2 block provides a development opportunity to remove the existing units and utilise the 3-storey zoned area for a brand-new complex subject to council approval (STCA).
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 799 170 today to organise your private inspection.
** Disclaimer – Outlines on the images are indicative only**