Coogee 173 Arden Street
Auction
Tuesday, 5th March 2024 at 6:00pm
Homely Auction House, Level 1, 29-33 Bay Street, Double Bay
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A Landmark Mixed Use Beachside Investment
Auction Details
Open Times
- Please contact Danny Taylor to arrange an appointment.
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Unique to the market, this Mixed Use freehold property is offered for sale in one line presenting an incredible landbank asset in the heart of Coogee's iconic beachside dining and retail precinct. Featuring a prominent high-exposure setting with dual street frontage, the three-storey shop top property comprises six apartments and five commercial/retail suites offering a prime investment opportunity with scope to retain as a high-yielding passive income earner with a future upside. In the heart of the action, footsteps to the sand and surf, this is a rare chance to secure a piece of prime real estate in a lively enclave renowned one of the east's most popular surfside locales around the corner from Coogee Pavilion. With high rental demand and established retail tenants in place, this is an unprecedented opportunity to secure an entire block in a world-class location.
+ Significant corner site in an unbeatable beachside setting
+ Entire freehold 3-storey commercial/residential block
+ 6 x one bedroom plus sunroom upper level apartments
+ 5 x high visibility retail spaces, established tenants in place
+ Additional frontage to the cul-de-sac end of Dolphin St
+ Prime landbank, ideal for the investor or SMSF buyer
+ Strong rental yields and superb capital growth potential
+ Immediate asset with an excellent steady income stream
+ Unlock the potential STCA or retain as a solid investment
+ Prominent high exposure setting, 100m to Coogee Beach
Property Information
- Land area approx 220sqm
Local Information Coogee
Education
Nearest Government Schools
- Coogee Public School
- Clovelly Public School
- South Coogee Public School
- Randwick Girls High School
- Centennial Park School
- Randwick Boys High School
Nearest Private Schools
- St Brigid's Catholic Primary School
- St Anthony's Catholic Primary School
- Claremont College
- Brigidine College Randwick
- Our Lady of the Sacred Heart Catholic Primary School
- Marcellin College
Local Amenities
Parks
- Burrows Park
- Grant Reserve
- Dick Reserve
- Trennery Reserve
Services
- Coogee Post Office
- Randwick Post Office
- Waverley Post Office
- Bondi Junction Post Office
Sport and Recreation
- Coogee Oval
- Municipal Golf Course