3 Eileen Street Cottesloe WA 6011

We are pleased to present to the market a very rare opportunity to secure a unique landholding in the highly sought after coastal precinct of Cottesloe.

This elevated landholding is just 90 metres to popular Cottesloe Beach and benefits from ocean views.

Income from the 12x1 bedroom units that are constructed on the property (currently leased between $300/week to $400/week) will assist an owner with land holding costs until such time redevelopment is contemplated.

The vibrancy from the Marine Pde hospitality venues like Cottesloe Beach Hotel, Ocean Beach Hotel, Canteen Pizza, Barchetta, The Blue Duck, Il Lido and the soon to be re-opened Indiana Teahouse, which are all within walking distance, is unmatched.

This once in a lifetime opportunity to capitalise on Cottesloe's increasing popularity and consequential strong house price growth should not be missed.

Key highlights of this offering include:

1,518 sqm rectangular unencumbered landholding with 30.18m frontage;
Vehicle access from front and rear of property;
1 min walk to Cottesloe Beach;
Improved with 12x1 bed units and a swimming pool;
Current gross holding income of approximately $210,000 per annum;
Vibrant locality with an abundance of pub and restaurant options; and
Elevated site with ocean views.

For Sale by Offers to Purchase.

For further information please contact the exclusive selling agents.