Boutique Art Deco Block Of Six For Sale In One Line, Unique Investment/Development Opportunity
A rare opportunity in one of the east's most popular beachside suburbs, this entire Art Deco block of six apartments in the heart of Coogee is offered for sale in one line. With the sand and surf at the end of the street, this classic 1930s block offers strong yields and capital growth as well as future development potential with scope for strata subdivision (STCA). Held by one owner for 35 years, the six freshly schemed apartments retain their authentic charm with high ceilings, elegant curved lines and ornamental fireplaces with the two rear apartments featuring no common walls. Set on a level 460sqm with a north facing courtyard, the beautifully maintained full-brick block presents a unique landbank opportunity suited to the investor or SMSF buyer in a prime location between Coogee Beach and Randwick town centre. Retain as a solid investment or explore the potential to renovate and add value as well as scope to develop the roof space and add a level (STCA).
- Entire Art Deco block of 6 apartments - 650m walk to beautiful Coogee Beach - Beautiful facade, original period details - Classic layouts, light and airy interiors - Each with 2 beds, main with built-ins - High ceilings and elegant curved lines - Spacious living rooms, timber floors - Ornamental fireplaces, gas bayonets - Eat-in gas kitchens, chalkboard walls - Fresh tiled bathrooms with a bath tub - Sunny north-facing common courtyard - High-yielding bricks and mortar land asset - Strong rental demand and income stream - Ideal to retain as a solid income earner - Exciting potential to add significant value - Scope for future strata subdivision STCA - Potential to develop/add a level STCA - 150m to Baker Park and tennis courts - Walk down to the beach and Wylie's Baths - 900m to The Spot's cafes and Ritz Cinema - Close to UNSW and PoW Hospital precinct
