76 St Marks Road Randwick NSW 2031

Entire boutique block w/ huge upside potential. Investors, builders & wealth seekers will be very attracted to this solid double brick building of 9 apartments, representing an extremely rare opportunity to acquire a potential-packed income generating asset in the heart of Sydney's Eastern Suburbs. With R3 Medium Density Residential Zoning & substantial development upside (STCA), this property is perfectly positioned for both immediate rental income & long-term growth. Ideal for buyers seeking a blue-chip investment in this sought-after tree lined address w/ long-term security.

Land size 632sqm*
6 x 2 bedroom apartments (approx. 82 sqm)
3 x 1 bedroom apartments (approx. 51 sqm)
9 garage parking spaces
R3 Medium Density Residential Zoning
Solid rental history & low vacancy
Current rental income of approx. $285,000 per annum w/ potential for further uplift
Market rent circa $380,000 per annum
Scope to explore development possibilities to enhance or renovate, w/ potential for strata subdivision or further value-add prospects (STCA)
Each unit comprising of generous bedrooms, updated bathrooms, full kitchens (majority updated), spacious dining/living areas & private internal laundries
Private balconies & a garage space for each apartment
Outstanding growth & rental scope w/ solid annual returns
Proximity to Coogee's iconic venues
Close to POW Hospital, UNSW & Sydney CBD
An easy walk to Randwick village cafés, shops, Coogee Beach & light rail
Easy stroll to bus services direct to Sydney CBD
Building report available
*approximately

For further information, please contact Melissah McCaffery on 0408 601 495.