173-177 Coogee Bay RoadCoogee NSW 2034
Property Details for 173-177 Coogee Bay Rd, Coogee
Last Listing description (November 2023)
RWC Sydney City Fringe and CBRE are delighted to exclusively present 173-177 Coogee Bay Road, Coogee, a premium investment opportunity situated along Coogee's most desirable throughfare.
173-177 Coogee Bay Road offers the opportunity to add value, refurbish, revert to market rent, strata title and sell down or hold as a secure investment.
Key attributes include:
• Comprising 2 x 1-bed, 5 x 2-bed, 1 x 3-bedroom apartments as well as two large commercial retail space to be sold in-one-line.
• Internal area of 632.4sqm* on a 490sqm* land area centrally positioned in Coogee.
• Secure mixed use apartment block investment with high potential gross market income
• Opportunity to add value, refurbish, revert to market rent, strata title and sell down or hold as a secure investment.
• Ideally positioned in the heart of Coogee within walking distance to iconic amenities including Coogee Beach, Coogee Bay Hotel, Coogee Pavilion and Crown Plaza Coogee
• The property apartments enjoy breath-taking views over Coogee Beach with an abundance of natural lighting and cross entilation throughout.
• The property shares a sun-drenched terrace above the commercial suite and rear courtyard.
• Set to capitalise on the Eastern Suburb's lucrative residential market with a vacancy rate of 0.7% in Coogee.
173 - 177 Coogee Bay Road, Coogee will be sold via Public Auction on Tuesday, 28th November 2023 at 10:30am (AEDT). (Registration, online bidding, and livestream available).
For more information, to arrange an inspection, or to request contract of sale, please contact the exclusive selling agents.
Kamal Silwal
Director
RWC Sydney City Fringe
0430 322 459
kamal.silwal@raywhite.com
Kristian Morris
Principal and Licensee in Charge
RWC Sydney City Fringe
0411 415 297
kristian.morris@raywhite.com
Paul Grasso
Manager
CBRE
0434 497 793
paul.grasso@cbre.com
*Approx
Property History for 173-177 Coogee Bay Rd, Coogee, NSW 2034
- 29 Nov 2023Sold for $8,500,000
- 24 Oct 2023Listed for Sale AUCTION
- 22 Aug 2022Listed for Rent $650 / week
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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 8,981 properties. Over the last 5 years, Houses in Coogee have seen a 71.26% increase in median value, while Units have seen a 29.67% increase. As at 31 October 2024:
- The median value for Houses in Coogee is $4,419,794 while the median value for Units is $1,461,503.
- Houses have a median rent of $1,050 while Units have a median rent of $895.
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