321 Malabar Road, Maroubra
COMMERCIAL INVESTMENT, IDEAL FOR SUPERFUND. 2 STOREY RETAIL OR PROFESSIONAL ROOMS. MULTIPLE PARKING
With a prominent street frontage in the popular block of shops right on the corner of Torrington Road, these spacious premises are currently leased to a Physiotherapy practice and associated therapies (acupuncture, podiatry etc). Ground level comprises front reception area, toilet and the large physio clinic (4m x 9.7m) with kitchen facilities and a door leading to the rear parking area. The upper level has 4 consulting rooms (the rear one with a bit of an ocean view) plus kitchen facility and bathroom (incl. shower). Historically the capital growth has been very good (over the last 15 years the capital growth has been 13% p.a. excluding rental return)and judging by the neighbouring premises there is excellent potential for further development at the rear.
Well situated on corner of Torrington RoadCurrently leased to Physiotherapist (same business has been located here for 20 years)Lease 5 years from 1.5.09 + 5 year optionGAR approx $62,000Rent increases 3% or CPI (the greater)Total land area approx 253 sqmParking for 5 or more cars at rearGood potential for further development (Zoned 3B Local Business)
Council Rates: $536.65pq
Water Rates: $150.69pq
Property Features
- Carports 5
Maroubra
One beach south along the coast from Coogee, Maroubra is quieter and less densely populated than its neighbour Bondi. Its beachfront promenade sports only a few cafes, rather than a hectic waterfront strip, and its laidback, down-to-earth atmosphere is favoured by families.
Highlighting its rapid development in the 1920s, classic California bungalows and solid brick homes are the most common in the area. The '60s and '70s saw the construction of numerous apartments, with many exclusive residences springing up, reflecting the area's increasing stature.
While the beachfront is not nearly as developed as other Eastern Suburbs beaches, its white sands and renowned surf breaks prove attraction enough. Its main shopping hub, Maroubra Junction, is located along with main artery of Anzac Parade, which contains a large shopping complex with all amenities, eclectic eateries and a host of sporting clubs and facilities, highlighting the active nature of its residents.
Located 10 km south of the CBD, Maroubra is well serviced by schools and transport, with a campus of the University of New South Wales located nearby.
Suburb Features
Education
- Lycée Condorcet - The International French School Maroubra
- Maroubra Bay Public School
- Mount Sinai College
- South Sydney Boys High School
- St Aidans Primary School
- St Mary St Joseph Catholic Primary
Recreation
- Arthur Byrne Reserve
- Coral Sea Park
- Gollan Park
- Heffron Park
- Hensley Athletic Field
- Jellicoe Park
- Latham Park
- Nagle Park
- Quarry Reserve
- Snape Park
Restaurants
- Bazara Bar and Restaurant
- Golden Unicorn Chinese Restaurant
- Kokoroya Japanese Restuarant
- Pavilion Beachfront
- The Grumpy Baker
