CLASSIC FEDERATION FREESTANDING 3 LEVEL 18 ROOM BEACH SIDE BOARDING HOUSE WITH VALUABLE LOCK UP GARAGE

‘Myola’ is set on 310sqm of land just metres from famed Coogee Beach. Enjoying a prized location and a stunning sunlit north facing aspect overlooking Coogee Oval. Opportunity for the owner operator or astute investor to increase current yield or continue as is.

Features and accommodations:

• A prized & valuable beach side location
• Well presented throughout with 18 various room sizes
• Large modern eat in communal kitchen
• Ground floor kitchenette
• Common living and dining area
• 2 Common bathrooms on each level, 6 bathrooms in total
• Stunning top floor front & rear out door common terrace areas
• Separate coin operated laundry on site
• Current Net income $171,278 – a proven & secure prime residential investment
• Classic period façade circa 1920s enjoying a sunny north facing aspect
• Zoning R3 Medium Density | Height Limit 12 metres | FSR 0.9:1
• Fully fire complaint council approved class 3 boarding house, rear external fire escape

Prime location in one of the Eastern Suburbs prized beach & park side locations. Metre’s from the golden sands and blue water of stunning Coogee Beach. Stroll to buses, shops, cafes, eateries and famed licensed premises Coogee has to offer.

A proven & secure residential investment with the flexibility & security of 18 separate lettings, a prized and renowned international & national tourist destination.