1-4/91 Elouera Road, Cronulla

91 Elouera Road, Cronulla represents an incredibly rare once in a life time opportunity to acquire an entire block of 4 x 2 bedroom apartments in one of the Sutherland Shire's best locations. Set only 300 metres to Elouera Beach, part of southern Sydney's greatest beachside location, encompassing Cronulla, Elouera and Wanda Beaches and the Kurnell Peninsula, these apartments offer a phenomenal investment prospect with strong income streams, excellent rental demand and capital growth potential. Ideal for investors, developers or self managed super funds this property has the added benefits of being strata titled to be sold down or kept as a fantastic investment with rental reversion prospects. Located within a designated Low-Medium Rise (LMR) corridor, this site offers exceptional future upside through a changed zoning, allowing for greater height allowance potential, site amalgamation prospects or redevelopment into a multi story luxury development (subject to council approval), supported by secure holding income. Key factors: - Prime development opportunity. - 4 x 2 bedroom apartments set over 2 levels on a prime corner block. - Land area of 597 sqm approximately. - R4 Zoning High Density Residential. - Further uplift in GFA through strategic planning (STCA). - Fully renovated apartments already separately strata titled. - 2 x garages with potential to add more parking spaces. - Gross annual income $136,240 approximately. - Highly sought after location with close proximity to Cronulla Mall, cafes, shops, railway station and transport links. - Strong, consistent rental history; High quality multi unit asset. - Stunning water views once built. - 25 km South of Sydney's CBD. For more information, or to obtain a copy of the Information Memorandum please contact Samuel Theo on 0416 523 226