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SOLD

27 Alfreda Street, Coogee, NSW 2034

Properties / Sold / New South Wales / Coogee

Development Potential

1. Property Summary

Property Type

Residential, Mixed Use

Land Area

297 m² (*approx)

Selling Method

SOLD:

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2. Property Highlights

Unprecedented Beachside Investment

CBRE Eastern Suburbs is excited to offer to the market 27 Alfreda Street, Coogee.

A mixed use zoned, passive investment leased to a business that has been operating for circa 40 years.

Highlights include:

• Net income $288,000pa*
• New 5 + 5 year lease
• 40 year tenancy, PRODIVE is one of Coogee's longest standing businesses
• High profile, north facing position over Coogee Oval
• Residential development upside on the sites 300sqm* (S.T.C.A)
• The property is located only 100m to Coogee Beach, one of the most famous beaches in Sydney and runs parallel with Coogee Bay Rd, the main shopping and retail street in Coogee.
• The Coogee bus terminal lands right on the buildings door step, with services to the CBD, Bondi Junction, the Inner West and Botany.
• Close proximity to the University of New South Wales, Prince of Wales Hospital and the Royal Hospital for Women.

The property will be sold by way of Public Auction, on site on
Saturday 4th March 2017 at 12:30pm (AEDT)

For more information please contact

Simon Lytton
0409 206 165
simon.lytton@cbre.com.au

or

Nick Heaton
0408 025 097
nicholas.heaton@cbre.com.au