30/11/2018 - 15:31

Scarborough site for sale

30/11/2018 - 15:31

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A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

The site is within walking distance from Brighton & Scarborough Beaches.

A 4,497 square metre multi-lot site in Scarborough has been placed on the market, raising the possibility for further high density residential development in the suburb.

The property is located on 22, 24 and 26 Brighton Road and is a few hundred metres from Chinese group 3 Ocean’s planned $450 million Iconic Scarborough apartment/hotel development.

It is also a short walk from the recently upgraded Scarborough foreshore, where the state government's Metropolitan Redevelopment Authority has overseen a $100 million investment.

An expressions of interest campaign was launched by commercial agents CBRE today.

The news comes two months after Singaporean group Chip Eng Seng Corporation struck a deal to sell the 10,165sqm White Sands Tavern development site near Scarborough beach for $24.5 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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