1-11/152 Avoca Street

Randwick NSW 2031

677 m²

Block of units

Currently for sale - view listing

Overview

Generational Randwick Trophy Apartment Block

Pentagon Property is proud to present one of Randwick's most compelling freehold apartment block investments a fully rebuilt luxury apartment estate positioned within Sydney's tightly held Eastern Suburbs market. Located just 400m from the $1.5 billion Randwick Health & Innovation Precinct and within walking distance to UNSW, the property comprises 11 oversized luxury residences delivering strong in-place income alongside exceptional long-term strategic value. Originally a grand Victorian residence, the property has been meticulously transformed into a high-performing residential asset seamlessly integrating heritage character with striking contemporary design. Flawlessly rebuilt and designed for long-term performance, the asset provides a highly defensive income profile with immediate operational scale. Supported by an unregistered strata plan, the incoming purchaser also benefits from exceptional future flexibility retain the asset in one line for stable cash flow or execute a staged strata sell-down strategy to crystallise value. Investment Highlights + $550,000 p.a.* gross holding income + 11 fully leased oversized luxury residences + Unregistered strata plan in place + 639 sqm* additional GFA potential under recent LMR reforms (STCA) + 2 secure basement levels providing car parking + bicycle parking + Premium Eastern Suburbs location moments from UNSW, POW Hospital and the Light Rail + Significant underlying land value and future optionality This is a rare opportunity to secure a tightly held Eastern Suburbs trophy asset offering immediate scale, defensive income and long-term strategic flexibility. *Approx. Note: All figures, income estimates, dimensions and development references are indicative only. Any reference to strata potential, additional GFA, planning reforms or redevelopment upside is strictly subject to council approval (STCA). Interested parties must rely on their own independent legal, financial and town planning investigations.