Positioned perfectly in Coogee’s popular shopping precinct and only 150m to the golden Sands of
Coogee Beach, this 20 room boarding house is, spread over 2 levels 10 rooms upstairs on street level
& 10 rooms downstairs all with share bathrooms on each floor.
Approval exists for an extension to current building adding bathrooms to all rooms, this transforms the property into a Boutique Hotel.
Possibilities are endless or simply land bank with further development upside, the property is approximately 500m2
_ Currently a 20 room boarding house
_ DA approval for a 20 room luxury boutique hotel for up to 38 guests
_ R3 development opportunity
_ Land size 500m2 approx
_ Zoning R3: Height 12m : FSR 0.9:1
_ Leased for $225,000+GST
_ 5+5 year lease commencing from May 2019
_ Demolition clause in option period