GRAND & GRACIOUS 3 LEVEL FREESTANDING 23 ROOM ICONIC BEACH SIDE BOARDING HOUSE

Featuring:

• A prized & valuable beach side location
• Well- presented throughout with 23 various room sizes
• Large modern eat in communal kitchen, common living and dining area’s
• 3-4 common bathrooms on each level, 9 bathrooms in total
• Separate coin operated laundry
• A Proven & secure prime residential investment
• Current Net income $310,828.00
• Further scope to increase current yield with minor improvements
• Classic period façade enjoying a sunny east facing aspect
• Land size 330sqm | Zoning R3 Medium Density | FSR 0.9:1 | Height Limit 12 metres
• Fully fire compliant, council approved class 3 boarding house
• Timber floors and very high ceilings throughout
• Rear external fire escape, accessible rooftop access
• Magnificent open rooftop with stunning ocean & Beach views with further development Potential (STCA)
• Prime location in one of the Eastern Suburbs prized beach side locations
• Metres 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 secure residential investment opportunity with the flexibility of 23 separate lettings in a prized and renowned international tourist destination.