A rare opportunity to secure a substantial Brighton Beach holding, this impressive period-style character building occupies approximately 1000 sqm with an 18.75m frontage and 53.27m depth. Currently comprising four generously proportioned apartments and five lock-up garages, this strata property delivers a reliable income stream of $151,740 per annum, with value-add potential.
The grand architecture exudes character and charm throughout, featuring high ceilings and distinguished period features. This solid holding presents investors and developers with multiple strategic options: retain as a blue-chip income asset, enhance returns through renovation of the existing apartments, or explore future redevelopment opportunities.
Perfectly positioned within walking distance of Brighton Beach Foreshore, Hampton Street shops, Brighton Beach train station, and elite schools, the site benefits from enduring lifestyle appeal and strong tenant and buyer demand.
Key Highlights:
Substantial 998 sqm (approx.) landholding
Four apartments: 2 x three-bedroom, 2 x two-bedroom and 5 lock-up garages
Current income: $151,740 per annum
18.75m frontage x 53.27m depth
Walking distance to beach, shops, station, and elite schools
Prime Brighton Beach location with enduring appeal
Development potential STCA
Whether seeking immediate returns with future upside or a strategic landholding in Brighton's Golden Mile precinct, this is a compelling opportunity in one of Bayside's most prestigious addresses.
