Blue Chip Investment - 3x 2 Bedroom & 3x 1 Bedroom Apartments
Lea Real Estate, as the exclusive listing agent is pleased to present to the market, 5 Alexander Street Coogee for the first time in 50 years! A rare opportunity to secure a blue chip investment in one of the East's most popular beachside suburbs.
Property highlights:
- 3x 2-bedroom & 3x 1-bedroom residential units, each benefitting from North facing aspect, balconies & lockup garages
- Land offering 429sqm* area with flexible R3 Medium Density Residential zoning
- FSR 0.9 : 1 & Height limit of 12m
- Add value through refurbishment, market rent revision, strata title and sell down or retain as a secure investment
- $250,000 gross approx. annual gross
- Blue chip investment opportunity 600m* walk to beautiful Coogee Beach
- Ideally positioned close to cafes, eateries, shops & bus
Water: $6400 per annum
Rates: $8400 per annum
Land value: $3,870,000
For further details, please contact:
Nicolas Paquer on 04 31 607 886 or sales@lea.com.au
*Approximately
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