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

23-25 Alfreda St, Coogee NSW 2034, Australia
  • 18
  • 6
  • 1
SOLD$3,880,000
  • Description
  • Details
  • Inspections

Description

‘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.

Detail

Updated on March 12, 2019 at 10:35 am

  • Property ID: DET-7034
  • Price: SOLD $3,880,000
  • Land Size: 310 m²
  • Bedrooms: 18
  • Bathrooms: 6
  • Garage: 1
  • Property Type: Boarding house
  • Property Status: Sold

Inspection:

As Advertised or by Appointment