OFF MARKET

9/11 Mulwarree Avenue
Randwick NSW 2031

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 49m2
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Last updated 14 Oct 2024
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Property Details for 9/11 Mulwarree Ave, Randwick

9/11 Mulwarree Ave, Randwick is a 0 bedroom, 0 bathroom Unit. The property has a land size of 49m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Land Size
49m2
Local Government
Randwick
Lot/Plan
9/SP45244

Last Listing description (October 2022)

I.B Property as the exclusive selling agent is pleased to present 9,11-13 Mulwarree Avenue, Randwick, for sale via expressions of interest closing on Monday, 26th September 2022 at 4pm (AEST).

Set within a desirable pocket of Randwick, 9,11-3 Mulwarree Avenue, Randwick is a residential investment opportunity comprising two expansive strata-titled apartment blocks. Beautifully renovated, the property showcases 12 units each block with a total of 24 x 2 bedroom units and a net lettable area of 1,280sqm*.

A favourable long-term 3 + 3 year head lease to corporate serviced apartment provider Urban Rest Apartments, provides 5% annual increases and a market review on option renewal.

Key Highlights:

Completely renovated to an impeccable standard, the offering consists of a total of 24 x 2 bedroom units across two blocks.
A rare residential investment opportunity with a gross income of $900,700 per annum*
Leased to a highly regarded and established operator, Urban Rest Apartments on a 3 + 3 year lease.
Perfectly positioned just a short stroll to the leafy Centennial Park, one of Australia's top universities, UNSW and access to nearby shops, restaurants and amenities
Only moments to Wansey light rail stop and less than 5km to Sydney's CBD

The property is available as individual blocks or in one line with offers submitted via an Expression of Interest Campaign closing Monday, 26th September 2022 at 4pm (AEST).

For more information or to register for the next inspection, please contact the exclusive selling agents.

Shane Blackett
0410 093 392

Paul Grasso
0434 497 793

Steffan Ippolito
0403 347 111

*approx.

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Property History for 9/11 Mulwarree Ave, Randwick, NSW 2031

A timeline of how this property has performed in the market
Last Sold
$730,813
13 Sep 2023
  • 13 Sep 2023
    Sold for $730,813
  • 29 Aug 2022
    Listed for Sale Contact Agent
  • 09 Feb 2022
    Listed for Sale Contact Agent - Private Treaty
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About Randwick 2031

The size of Randwick is approximately 5.4 square kilometres. It has 25 parks covering nearly 20.6% of total area. The population of Randwick in 2011 was 27,740 people. By 2016 the population was 29,998 showing a population growth of 8.1% in the area during that time. The predominant age group in Randwick is 30-39 years. Households in Randwick are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Randwick work in a professional occupation. In 2011, 49.3% of the homes in Randwick were owner-occupied compared with 46.4% in 2016.

Randwick has 16,909 properties. Over the last 5 years, Houses in Randwick have seen a 56.34% increase in median value, while Units have seen a 33.47% increase. As at 30 September 2024:

  • The median value for Houses in Randwick is $3,540,648 while the median value for Units is $1,220,999.
  • Houses have a median rent of $1,100 while Units have a median rent of $800.
There are currently 49 properties listed for sale, and 35 properties listed for rent in Randwick on OnTheHouse. According to CoreLogic's data, 598 properties were sold in the past 12 months in Randwick.

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