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Lucrative Investment Opportunity in Coogee

163 Arden Street, Coogee, NSW 2034

Auction 8 Beds 8 Baths
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This Coogee property presents the rare opportunity to purchase a block of luxury apartments in a prime real estate location.

The block, known as The Arden, is made up of seven individual custom-appointed apartments that boast spectacular ocean and city views.

The apartment block is currently being used as boutique accommodation for medium and long term stays with a rental return of approximately $10,000 per week.

Being just 200m away from Coogee beach and a short stroll to the many beachside cafes and bars, the block benefits from its location’s high rental and accommodation demand.

The Torrens-title block comprises six one-bedroom apartments and a two-bedroom penthouse that are all furnished with coastal interiors from the Coco Republic and MCM House.

The upper level apartments feature large balconies that make the most of the build’s rare east/west aspect, while the lower level suites enjoy private landscaped gardens.

Ideal for medium to long-term stays, the apartments boast full sized kitchens with high-end European and German appliances.

If you’re considering a new investment venture then you don’t want to miss out on this property’s rare opportunity.

Coogee Suburb Snapshot
  • – A$3,732,500 Annual Median Price
  • – 2.4% Unit Rental Yield
  • – 15,212 Population
  • – 34 Average Age

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