Property Features:- 247sqm strata lot- Total land area of 931sqm (part of two lot strata)- Long standing tenant- Development potential - located within 'Beach Road Main Street' Precinct - Less than 1 kilometre from Scarborough BeachPassing income of $54,340 p.a. plus outgoings plus GSTExceptional rental and capital growth prospectsSecure with confidenceOffers Invited (from $1m+)For more information or to arrange a viewing please contact the Selling Agent.
The size of Scarborough is approximately 4.9 square kilometres. It has 17 parks covering nearly 14.9% of total area. The population of Scarborough in 2011 was 14,271 people. By 2016 the population was 15,460 showing a population growth of 8.3% in the area during that time. The predominant age group in Scarborough is 30-39 years. Households in Scarborough are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Scarborough work in a professional occupation. In 2011, 54.5% of the homes in Scarborough were owner-occupied compared with 56.4% in 2016.
Scarborough has 11,133 properties. Over the last 5 years, Houses in Scarborough have seen a 76.97% increase in median value, while Units have seen a 72.33% increase. As at 31 October 2024:
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