178 Coogee Bay Road Coogee

BACKPACKER/BOARDING HOUSE WITH APPROVAL TO BECOME BOUTIQUE 20 ROOM HOTEL

Currently a 20 Bedroom Boarding House
DA approval for a 20 Bedroom Luxury Boutique Hotel
R3 Development opportunity
Land size 500m2 approx
Zoning R3: Height 12m : FSR 0.9:1

Located only 8km South East of Sydney's thriving CBD, Coogee is a relaxed coastal suburb. Its broad, sandy beach appeals to both swimmers and surfers, and the ocean pools cut into the headlands are popular with families. There are laid-back pubs and bars on the beachfront, while the surrounding streets are filled with alfresco cafes. Joggers take in dramatic ocean views on the Bondi to Coogee Coastal Walk. Nearby Gordon's Bay has snorkelling trails and rich marine life.
Sensational transport light-rail imminent to city and Universities & Hospitals located 5 minutes away.

Positioned perfectly in Coogee's popular shopping precinct and only 150m to the golden Sands of Coogee Beach
This 20-room boarding house is high yielding all year around, spread over 2 levels 10 bedrooms Upstairs on street level & 10 bedrooms downstairs all with share bathrooms on each floor.

Approval exists for an extension to current building adding bathrooms to all rooms, this transforms the property into a Boutique Hotel.

Possibilities are endless or simply land bank with further development upside, the property is approximately 500m2 and has an FSR of .9:1 building ratio with a 12m height limit.

Inspect by appointment

Contact Carl Wilson 0410 668 333 or 9349 7177
carl@homeestateagents.com.au

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however, we cannot guarantee it. All interested parties should make and rely upon their own enquiries