Entire Block Of Six For Sale In One Line, A Premium Landbank Asset With A Development Upside
A rare opportunity in a key location, this entire boutique beachside block is offered for sale in one line presenting an exceptional opportunity on a sunny north-facing corner block on the Clovelly peninsula. A unique prospect for the investor/SMSF buyer or developer, the family owned block of six apartments offers a premium low-maintenance portfolio addition with a strong income stream, excellent rental demand and capital growth potential. The two-bedroom apartments retain their vintage charm with high ceilings, polished timber floors and balconies with two apartments featuring access to a shared north-facing garden and two with ocean views. Set on a level 544sqm with dual street frontage and access via Andrew Street, the substantial double-brick block presents a unique landbank asset in one of the east's most sought-after lifestyle addresses. Retain as a solid investment or explore the potential to renovate and add value and capitalise on a prized location at the gateway to Clovelly Beach with potential for future strata subdivision (STCA).
- Entire block of 6 for sale in one line - Prized beachside neighbourhood - Premium landbank asset/investment - Significant future development upside - 6 x spacious 2 bedroom apartments - The first time available in decades - 2 apartments with an ocean vista - All with a balcony/outdoor access - Roomy interiors, timber floorboards - Open plan kitchens, gas cooking - Sunny north-facing common garden - Parking for 4 cars, dual street frontage - Potential to strata in the future STCA - High rental demand, fantastic potential - 500m to the beach and ocean pool - Clovelly Public School catchment area - Stroll to cafes, beach bars and eateries
