FOR SALE
AUCTION

173 Arden Street
Coogee NSW 2034

Bedrooms: 6
Bathrooms: 6
Car spaces: -
Land area: 220m2
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A Landmark Mixed Use Beachside Investment

Unique to the market, this Mixed Use freehold property is offered for sale in one line presenting an incredible landbank asset in the heart of Coogee's iconic beachside dining and retail precinct. Featuring a prominent high-exposure setting with dual street frontage, the three-storey shop top property comprises six apartments and five commercial/retail suites offering a prime investment opportunity with scope to retain as a high-yielding passive income earner with a future upside. In the heart of the action, footsteps to the sand and surf, this is a rare chance to secure a piece of prime real estate in a lively enclave renowned one of the east's most popular surfside locales around the corner from Coogee Pavilion. With high rental demand and established retail tenants in place, this is an unprecedented opportunity to secure an entire block in a world-class location.
+ Significant corner site in an unbeatable beachside setting
+ Entire freehold 3-storey commercial/residential block
+ 6 x one bedroom plus sunroom upper level apartments
+ 5 x high visibility retail spaces, established tenants in place
+ Additional frontage to the cul-de-sac end of Dolphin St
+ Prime landbank, ideal for the investor or SMSF buyer
+ Strong rental yields and superb capital growth potential
+ Immediate asset with an excellent steady income stream
+ Unlock the potential STCA or retain as a solid investment
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Property Details for 173 Arden St, Coogee

173 Arden St, Coogee is a 6 bedroom, 6 bathroom BlockOfUnits. The property has a land size of 220m2. The place is currently for sale with CENTURY 21 Feller & Taylor .

Building Type
BlockOfUnits
Land Size
220m2

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About Coogee 2034

The size of Coogee is approximately 2 square kilometres. It has 14 parks covering nearly 19% of total area. The population of Coogee in 2011 was 14,012 people. By 2016 the population was 15,212 showing a population growth of 8.6% in the area during that time. The predominant age group in Coogee is 30-39 years. Households in Coogee are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coogee work in a professional occupation. In 2011, 45.7% of the homes in Coogee were owner-occupied compared with 43.6% in 2016.

Coogee has 8,995 properties. Over the last 5 years, Houses in Coogee have seen a 77.40% increase in median value, while Units have seen a 34.99% increase. As at 30 September 2024:

  • The median value for Houses in Coogee is $4,445,149 while the median value for Units is $1,476,648.
  • Houses have a median rent of $1,065 while Units have a median rent of $895.
There are currently 32 properties listed for sale, and 24 properties listed for rent in Coogee on OnTheHouse. According to CoreLogic's data, 362 properties were sold in the past 12 months in Coogee.

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Danny Taylor
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CENTURY 21 Feller & Taylor
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