AMAZING BEACHSIDE INVESTMENT OPPORTUNITY

  • 20 beds |
  • 2 baths |
Currently a 20 Bedroom Boarding House
DA approval for a 20 Bedroom Luxury Boutique Hotel
R3 Development opportunity
Land size 500m2 approx
Zoning R3: Height 12m : FSR 0.9:1


Located only 8km South East of Sydney's thriving CBD, Coogee is a relaxed coastal suburb. Its broad, sandy beach appeals to both swimmers and surfers, and the ocean pools cut into the headlands are popular with families. There are laid-back pubs and bars on the beachfront, while the surrounding streets are filled with alfresco cafes. Joggers take in dramatic ocean views on the Bondi to Coogee Coastal Walk. Nearby Gordon's Bay has snorkelling trails and rich marine life.
Sensational transport light-rail imminent to city and Universities & Hospitals located 5 minutes away.


Positioned perfectly in Coogee's popular shopping precinct and only 150m to the golden Sands of Coogee Beach
This 20-room boarding house is high yielding all year around, spread over 2 levels 10 bedrooms Upstairs on street level & 10 bedrooms downstairs all with share bathrooms on each floor.

Approval exists for an extension to current building adding bathrooms to all rooms, this transforms the property into a Boutique Hotel.

Possibilities are endless or simply land bank with further development upside, the property is approximately 500m2 and has an FSR of .9:1 building ratio with a 12m height limit.

Auction: 29th November 2018 10.30am
In rooms, Dexus Place, Level 5, 1 Margaret street Sydney

Inspect by appointment

Contact Carl Wilson 0410 668 333 or 9349 7177
carl@homeestateagents.com.au

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it. All interested parties should make and rely upon their own enquiries

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Carl Wilson

0410 668 333

COMMITTED



“Real Estate allows me to build relationships with many different people, and this spurs my passion to achieve strong results for all of them. Everything I do, I do it with the best possible outcome in mind.”

With hundreds of local properties successfully sold under Carl’s dedication, it’s no surprise he is considered one of the most committed agents around.

With the sound experience of over 30 years of continual real estate service, he has built a strong and well-deserved reputation for ensuring that the sale of your greatest asset is in the best of hands throughout the entire process.

Carl excels in this ultra-competitive industry, which he draws from his Olympic experience when he represented Australia in Swimming as a finalist in Seoul 1988, and as a Commonwealth Games medallist in Edinburgh 1986.

Carl can complete any property transaction cost effectively whilst achieving premium results. Experience the Carl Wilson difference for yourself you won’t be disappointed!

carl@homeestateagents.com.au

AMAZING BEACHSIDE INVESTMENT OPPORTUNITY

Talk to agent 0410 668 333

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