FOR SALE
$3,500,000

176 Imlay Street
Eden NSW 2551

Bedrooms: 17
Bathrooms: 12
Car spaces: 12
Land area: 3605m2
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TOWN CENTRAL - 10 Units & Shopfront

A rare opportunity for investors and developers alike, this substantial property occupies an amazing central position in the heart of Eden!
It consists of 10 apartments plus commercial office space in a Premium MU1 (Mixed Use) zone with wide frontage to Imlay Street and dual carriage lane access off Flora Street.
Magnificent panoramic views over Twofold Bay and the ocean horizon is enjoyed across multiple points on the site and by multiple units.
Property consists of three separate buildings. Level with Imlay Street, Building 1 features a 63m2 (approx) commercial street front office space, plus an additional 1 bedroom unit and a 2 bedroom unit.
Building 2 consists of 2 x one bedroom units and 2 x two bedroom units. Building 3 contains 4 x two bedroom units.
All residential units are tenanted. There is no strata title on these units.
The scale of the property and the MU1 zoning presents creative developers with multiple options with the existing buildings and additional open spaces that this property offers. Potential exists to add additional dwellings or to redevelop across the whole site (Subject to Council approvals).
Property for sale officially contains two addresses, 176 Imlay and 17 Flora St.
With excellent established rent revenues, central convenience, great views and scope for future development this is an opportunity not to be missed.
For a detailed summary of this property including existing tenancy revenues please contact agent Adam Donaldson.
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Property Details for 176 Imlay St, Eden

176 Imlay St, Eden is a 17 bedroom, 12 bathroom BlockOfUnits with 12 parking spaces. The property has a land size of 3605m2. The place is currently for sale with Inhouse Real Estate Pty Ltd - EDEN.

Building Type
BlockOfUnits
Land Size
3605m2

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About Eden 2551

The size of Eden is approximately 86.4 square kilometres. It has 21 parks covering nearly 85.4% of total area. The population of Eden in 2011 was 3,043 people. By 2016 the population was 3,153 showing a population growth of 3.6% in the area during that time. The predominant age group in Eden is 60-69 years. Households in Eden are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Eden work in a labourer occupation. In 2011, 60.6% of the homes in Eden were owner-occupied compared with 61.6% in 2016.

Eden has 2,327 properties. Over the last 5 years, Houses in Eden have seen a 70.29% increase in median value, while Units have seen a 53.74% increase. As at 31 July 2024:

  • The median value for Houses in Eden is $655,667 while the median value for Units is $419,925.
  • Houses have a median rent of $580 while Units have a median rent of $395.
There are currently 98 properties listed for sale, and 6 properties listed for rent in Eden on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Eden.

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Adam Donaldson
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Inhouse Real Estate Pty Ltd - EDEN
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