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Sterling Property, as exclusive selling agents, is pleased to present 2 Pinnacle Road, Coogee - a modern residential development on a generous 1,368 sqm freehold site. Comprising four well-designed 3x2 villas, the property is currently leased to an NDIS provider at $690 per week per unit, with residential market rents estimated at $850-$900 per week.
Located in the high-growth coastal suburb of Coogee, this offering presents a flexible investment opportunity - whether for private investors seeking strong rental income, NDIS owner-occupier providers looking for secure long-term leasing, or owner-occupiers seeking a unique multi-unit residential holding. The property's strata title also provides the potential for future individual unit sales.
Investment Highlights:
- Four modern 3x2 villas built in 2020, featuring spacious living areas, alfresco spaces, and double carports.
- Secure lease to an NDIS provider expiring in April 2025, generating approx. $143,520 gross rent p.a.
- Significant rental uplift potential post-lease expiry.
- Located in a high-demand residential market with historically low vacancy rates.
- Flexible investment with potential for owner-occupation, continued leasing, or future short-stay accommodation (subject to council approval).
- Elevated 1,368 sqm* freehold site in a prime coastal growth corridor.
- Coogee's strong market fundamentals, with a 5-year growth rate of 68.3%.
- Strata titled, allowing the option to sell villas individually in the future.
Inspection:
By appointment only.
Dataroom Access:
A data room containing leases, plans, and depreciation schedules is available upon request.
For Sale via Offers Invited
Closing Tuesday, February 18, 2025, at 4:00 PM (AWST), unless sold prior.
For further details, access to the data room, or to arrange an inspection, please contact:
Jack Bradshaw
Senior Partner, Sterling Property
M: 0439 095 336 | E: [email protected]
Jake Wallman
Partner, Sterling Property
M: 0403 975 298 | E: [email protected]
dirección de la calle | distancia | número de dormitorios | número de baños | área de construcción | fecha de venta | precio de venta | fuente de datos | |
|---|---|---|---|---|---|---|---|---|
 | 0.63 km | 3 | 2 | 129m2 | 2024 año 12 mes 22 día | $850,000 | Council approved | |
 | 0.36 km | 3 | 1 | -m2 | 2024 año 12 mes 16 día | $750,000 | Council approved | |
 | 0.31 km | 3 | 2 | 169m2 | 2024 año 12 mes 11 día | $735,000 | Council approved | |
 | 0.17 km | 2 | 2 | -m2 | 2024 año 11 mes 17 día | $529,500 | Council approved | |
 | 0.59 km | 3 | 2 | -m2 | 2024 año 10 mes 22 día | $1,050,000 | Council approved |