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 [email protected] 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