Positioned on a 548.1sqm* site within Randwick's renowned 'The Spot'
precinct, the property comprises 17 tenancies across residential
apartments, boarding house accommodation and retail/commercial
uses, providing a highly diversified income profile with strong underlying
land value and long-term growth prospects.
Investment Highlights:
- Positioned within one of Randwick's most tightly held mixed-use precincts, benefiting from strong tenant demand and excellent amenity.
- Diverse income stream across 17 tenancies: 4 x 2 bedroom, 2 x 1 bedroom, 9 x studios & 2 x retail shops.
- Recently refurbished and extended approximately five years ago, including upgraded fire, water, electrical and communication services, together with modern finishes, reducing future capital expenditure requirements.
- Unmatched transport accessibility, with a bus stop at the doorstep and the Randwick Light Rail just 400m* away.
- Generating a strong gross income of $732,145 p.a.*, providing immediate cash flow with rental growth potential.
- Positioned within 'The Spot' precinct, Randwick's vibrant dining and entertainment hub, home to renowned cafés, restaurants and the iconic Ritz Cinema.
- Historically low vacancy across both residential and commercial tenancies, supported by efficient outgoings and a strong net return.
