115 Garden StreetMaroubra NSW 2035
Property Details for 115 Garden St, Maroubra
115 Garden St, Maroubra is a 0 bedroom, 0 bathroom House with 1 parking spaces and was built in 1994. The property has a land size of 420m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (September 2023)
I.B Property proudly introduces a remarkable investment opportunity: a 12-room Boarding House at 115 Garden Street, Maroubra.
At the front of the property, you'll find a 3-4 bedroom cottage with a lounge room, bathroom, and eat-in kitchen. Additionally, attached to the cottage is a 2-storey double brick building featuring 8 fully furnished, self-contained studio apartments. Each apartment is equipped with its own bathroom and kitchenette.
Spanning an impressive 420 sqm* of land, this property offers ample space and includes a designated parking spot for one car. With an R2 Low-Density Residential zoning, the property is presently fully leased and functions as a registered 12-room Boarding House, offering a dependable income stream with an annual gross income of $191,364*.
This Boarding House benefits from its proximity to key landmarks like Maroubra Junction, Pacific Square Shops, Westfield Eastgardens, Maroubra Beach, University of New South Wales, and Prince of Wales Hospital. Easy access to Juniors Kingsford Light Rail and buses to the CBD.
Key Highlights:
First time offered to the market in over 60 years
Land area: 420 sqm*
Fully furnished 8 studio apartments each with their own bathroom and Kitchenette
Fully Furnished 3-4-bedroom cottage
Fully compliant with fire safety regulations
A communal laundry with a coin-operated washing machine and dryer
Courtyard with a washing hoist and a shed, providing additional storage
Rental reversion opportunity
Unbeatable Location
This is your chance to secure an investment that redefines success.
115 Garden Street, Maroubra will be open every Wednesday between 12:00 pm -12:30 pm, and is for sale via Public Auction on Thursday, 28th of September 2023 at 10:30am.
Contact our exclusive selling agents to embark on a journey of prosperity with 115 Garden Street, Maroubra.
Property History for 115 Garden St, Maroubra, NSW 2035
- 27 Sep 2023Sold for $2,935,000
- 30 Aug 2023Listed for Sale Contact Agent
- 05 Aug 2022Listed for Rent $320 / week
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About Maroubra 2035
The size of Maroubra is approximately 6 square kilometres. It has 23 parks covering nearly 18.2% of total area. The population of Maroubra in 2011 was 29,594 people. By 2016 the population was 30,672 showing a population growth of 3.6% in the area during that time. The predominant age group in Maroubra is 20-29 years. Households in Maroubra are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Maroubra work in a professional occupation. In 2011, 55.3% of the homes in Maroubra were owner-occupied compared with 53.7% in 2016.
Maroubra has 15,741 properties. Over the last 5 years, Houses in Maroubra have seen a 67.06% increase in median value, while Units have seen a 26.88% increase. As at 30 September 2024:
- The median value for Houses in Maroubra is $3,050,799 while the median value for Units is $1,105,855.
- Houses have a median rent of $1,200 while Units have a median rent of $800.
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