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Sold on 12 Aug 2024 for $8,827,500

481 Scarborough Beach Road
Osborne Park WA 6017

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 270m2
Land area: 5501m2
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Property Details for 481 Scarborough Beach Rd, Osborne Park

Building Type
Land
Floor Size
270m2
Land Size
5501m2
Local Government
Stirling
Lot/Plan
3/D021135

Last Listing description (August 2023)

LOCATION - Right in the heart of the vibrant Osborne Park retail precinct and surrounded by high profile retailers, this North facing site is 200 metres east of the major intersection of Scarborough Beach Road and King Edward Road. Passing daily traffic flow equates to 32,000 vehicles (approx), plus the INTANGIBLE of Osborne Park simply being a destination for customers from all parts of Western Australia due to the number of high profile retailers/service industries in this locality. Osborne Park is 6km North of the Perth CBD and readily accessible by the Perth freeway network - it really is a place where you can easily find anything.

RETAILERS - To give you an idea of the significance of this site, between HUTTON Street and KING EDWARD Road (only 1.4 km's away) following are some of the retailers; Harvey Norman, Liberty Pie Face, Snooze, JB Hifi, Westpoint Star Mercedes, Segals Furniture, Dyson, Godfreys, Forty Winks, Di Rucci Furniture, Gascoigne's Furniture, Office Works, Freedom Furniture, Nissan, St John Medical, BCF, Repco, Sonic Medical, City Farmers, Westpac, Retravision, Mazda, Honda, Bedshed, Supercheap Auto, Autobarn, Barbecue's Galore and many smaller retailers, more than 35 outlets in 1.4 km's, the amount of ADVERTISING money spent on promotion of these businesses in such a tight area is outstanding.

ZONING - Governed by the City of Stirling will be zoned MIXED USE under local planning scheme NO 3 HERDSMAN GLENDALOUGH STRUCTURE PLAN, all prospective purchasers are encouraged to make inquiries with the local council planning officers as to their potential use for the site.

LOT SIZE - The total land area is 5501 square metres.

FRONTAGE - 32.5 Metres direct access from Scarborough Beach Road, Rear Boundary 50.8 metres, East Boundary 120 metres, West Boundary 128 metres.

GENERAL - This is a very rare opportunity to purchase a significant landholding/development site on Perth's Premium arterial road Scarborough Beach Road in tightly held and highly sort after Osborne Park, this property is now on the market for the first time in 36 years.

For Full Information:
Chris Farris 0413945667 or chris@jpg.com.au
Johnson Property Group Australia Pty Ltd
Suite 31/25 Walters Drive Osborne Park WA
+61 08 9446 6888

Property History for 481 Scarborough Beach Rd, Osborne Park, WA 6017

A timeline of how this property has performed in the market
Last Sold
$8,827,500
12 Aug 2024
  • 12 Aug 2024
    Sold for $8,827,500
  • 15 Oct 2020
    Listed for Sale CONTACT AGENT

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About Osborne Park 6017

The size of Osborne Park is approximately 5 square kilometres. It has 3 parks covering nearly 0.3% of total area. The population of Osborne Park in 2011 was 4,047 people. By 2016 the population was 4,106 showing a population growth of 1.5% in the area during that time. The predominant age group in Osborne Park is 20-29 years. Households in Osborne Park are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Osborne Park work in a professional occupation. In 2011, 46.5% of the homes in Osborne Park were owner-occupied compared with 45.3% in 2016.

Osborne Park has 4,637 properties. Over the last 5 years, Houses in Osborne Park have seen a 59.16% increase in median value, while Units have seen a 90.83% increase. As at 30 September 2024:

  • The median value for Houses in Osborne Park is $919,923 while the median value for Units is $460,678.
  • Houses have a median rent of $750 while Units have a median rent of $500.
There are currently 29 properties listed for sale, and 12 properties listed for rent in Osborne park on OnTheHouse. According to CoreLogic's data, 252 properties were sold in the past 12 months in Osborne park.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.