ICONIC LANDMARK 3 LEVEL CLASSIC ART DECO BLOCK

“Centennial Flats”

VALUABLE MIX OF RETAIL & RESIDENTIAL PROPERTIES, FIRST TIME OFFERED IN 70 YEARS

10 Apartments, 4 Retail shops, 3 Lockup garages, 5 car spaces

A rare and unique opportunity to acquire an iconic mixed-use freehold investment of this quality in a prized & well exposed location, held in the same family for 70 years, this substantial freehold opportunity has proven to be a secure established investment for a lifetime.  Situated on a prominent corner position just metres from Centennial Parklands. Centennial flats accommodate ‘s 10 residential apartments, 4 ground floor retail shops, 3 lock up garages & 5 open car spaces, separate toilet and 4 large storage rooms throughout the ground floor area.

All apartments have been tastefully refurbished throughout highlighting the classic period features emphasizing the Art Deco era with leadlight windows, high ornate ceilings and impressive terrazzo floors throughout all sunrooms, verandahs & common stairs and all bathrooms & kitchens stylishly renovated.

Overview

• Valuable & well exposed corner position, a convenient gateway location to the CBD & Eastern Suburbs
• A wide 29 metre street frontage
• 8 x 2 bedrooms apartments
• 2 x 1 bedroom apartments
• Stunning period features throughout each apartment
• All apartments feature laundry facilities
• 4 x separate retail shops
• GAR $749,428.00 ($609,303.83 Net)
• Secure mix of residential & retail income
• Land size approximately 700 sqm
• FSR: 1:1 | Height Limit: 9.5m
• Zoning: B4 Mixed Use
• Valuable rear lane access Via Melrose Lane
• 3 lock up garages, 5 open car spaces
• 4 large separate storage rooms & common toilet
• Potential value add & further development opportunity (STCA)
• A proven & well-established investment for over 70 years

Centennial Flats enjoys an ultra-convenient gateway position between Bondi Junction & the CBD stroll to Queen Street Shopping Village, Oxford Street shops, eateries & transport, Woollahra & Paddington Public Schools, Historical SCG and the recreational benefits of Centennial Park all within close proximity to this outstanding proven investment opportunity.