11A Marcel Avenue, Coogee, NSW 2034

This is a rare investment and lifestyle opportunity in Sydney's Eastern Suburbs. Whether you're looking to occupy and earn rental income, hold for investment, or explore redevelopment potential, this property offers unmatched value and flexibility.

Presenting an exceptional and rare opportunity to acquire a full block of character apartments in a premium location, offered to the market for the first time in over 62 years. Perched on an elevated 789.6 sqm (approx.) block with a wide 25.91-meter frontage, this property offers incredible versatility for owner-occupiers and investors alike. This property is the perfect solution for those seeking an affordable alternative to a house.

Property Highlights:

? Four semi-sized apartments: Each apartment includes 2 large bedrooms plus a spacious sunroom/office space, ideal for modern living needs.

? Occupy and rent for additional income: Live in one apartment and rent the others for a steady income stream, currently generating approx. $180,000 per annum.

? Charming character features: Each apartment boasts classic features with large terraces and balconies and separate entrances, enhancing privacy and appeal.

? Updated eat-in kitchens: Recently refreshed kitchens provide functionality and a modern touch while preserving the charm of this character property.

? Ample Parking: Includes 2 lock-up garages plus additional off-street parking for 4 cars.

? Development Potential (STCA): Set on a substantial parcel of land, this property holds excellent redevelopment potential (subject to council approval), offering an exciting opportunity for capital growth.

? Premier Eastern Suburbs Location: Nestled near Clovelly Village, Coogee Beach, and Clovelly Beach, with easy access to public transport, shopping, and dining.

? Agents Interest

Contact us today to arrange an inspection and secure this unique property!

Contact: Andrew Anastassiou 0425 301 977 or Daniel Lo 0430 585 848.

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it. All interested parties should make and rely upon their own enquiries.