191 CLOVELLY Road, Randwick
DECEASED ESTATE- ART DECO BLOCK OF 6, 1ST TIME OFFERED IN 71 YEARS - EXCEPTIONAL LOCATION
A rare and incredible opportunity exists to secure a pristine block in a highly coveted location just a sea breeze away from Sydney's prized coastal beaches, trendy cafes and all amenities. On the market for the first time in 71 years having been held tightly in the same family for 3 generations, this lovingly maintained gem boasts 6 x 1 bedroom apartments retaining original Art Deco features. Refurbished 10 years ago, with Cesarstone/timber kitchens and stainless steel appliances, a sunny common rear yard and laundry facilities. Hold as a secure investment, or renovate and capitalise on solid rental potential. Great for self-managed superannuation fund!
At shops, cafes, transport, all amenitiesClose to schools, transport, beaches6 x 1 bedroom units to be sold in 1 lineTremendous opportunity to refurbishFirst time on the market in 71 yearsRenovated kitchens/bathrooms/flooringBuilt-ins in bedrooms, laundry facilitiesA rare find usually tightly held
Total income - Current $136,500 (approx) Potential $171,600 (approx)Water rates - $4,041 per annum (approx)Randwick Council rates - $5,681 per annum (approx)Insurance - $4,520 per annum (approx)Land tax - $12,941 per annum (approx)Annual fire safety statement - completed 8/11/16Land size - 16.92/9.22 x 24.23/28.75 (336 sqm ) approxFlat sizes - Flats 1 & 4 - 50 sqm (approx)Flat sizes - Flats 2 & 5 - 54 sqm (approx)Flat sizes - Flats 3 & 6 - 45 sqm (approx)
Property Information
- Land area approx 336sqm
- Floor area approx 336sqm
Randwick
Approximately 6km from the CBD, Randwick is bordered by the lush expanses of Queens and Centennial parks to the north, the suburbs of Coogee and Clovelly to the east, Kingsford to the south and Kensington to the west. Its name is synonymous with racing.
Dating back to 1830, the Randwick Race Course sees Sydney's colourful racing identities rub shoulders with high society and the average punter. Other notable Randwick landmarks include the Prince of Wales Hospital, a campus of the University of New South Wales, and Randwick Boys and Girls High Schools.
As Sydney's first suburban municipality, proclaimed in 1859, Randwick retains plenty of historically significant and heritage-listed buildings which are carefully preserved. However major redevelopment occurred in the 1960s and '70s with the construction of numerous residential walk-up flats, many of which now provide affordable housing for local university students.
Randwick has a substantial retail centre extending along Belmore Road, home to the Royal Randwick Shopping Centre and a variety of inexpensive clothing stores, eateries and supermarkets. The new CBD and South East Light Rail is transforming public transport in Sydney, providing high capacity, clean and reliable services. The L2 Randwick Line extends from Circular Quay along George Street to Central Station, through Surry Hills to Moore Park, then to Randwick and Kingsford via Anzac Parade and Alison Road. The L3 Kingsford Line also extends from Circular Quay, branching from Moore Park through Kensington to Kingsford.
The quaint area commonly known as 'The Spot' is a charming cluster of unique specialty stores, restaurants and the historic cinema known as the Randwick Ritz, a local institution where every night is 'cheap night'.
Suburb Features
Education
- Brigidine College, Marcellin & Our Lady of the Sacred Heart
- Claremont College-Anglican co-educational school
- Coogee Boys Prep School
- Emanuel School
- Lycée Condorcet - The International French School
- Moriah College
- Randwick Girls & Boys High School
- Randwick TAFE
- St Catherines School
- University of NSW
- Waverley College
Recreation
- Alison Park
- Baker Park Tennis Courts
- Centennial Park Cycles
- Centennial Parklands
- Entertainment Quarter Moore Park
- Fred Hollows Reserve
- Govett Reserve Playground
- Queens Park
- Ritz Cinema
- Royal Randwick Racecourse
Restaurants
- Bake Bar
- Bronte Road Bistro
- Dolce Fiori
- Four Frogs Creperie Randwick
- Kurtosh Cafe
- Lebanon & Beyond
- Mammas and Papas Ristorante
- Maybe Frank
- Queens Park Pizza
-
The Avenue Randwick
- The Spanish Fly
- Tucker
