Description
Just metres from the famous surf breaks of Maroubra Beach, is this rare opportunity to acquire a coastal block with classic period origins. To be sold as eight apartments in one line, there is opportunity to add further value with potential to refurbish, redevelop or strata in future (STCA). At the elevated end of Hereward Street, the block faces East and captures refreshing sea breezes. Placed in the heart of it all, 14 Hereward Street is mere steps from McKeon Street cafes and juice bars, the coastal walk, Mahon Pool, open green spaces and playgrounds.
The Features:
- 650sqm land (approx), 15.24m frontage, R3 Zoning
- 6 x 2 bed/1 bath and 2 x 1 bed/1 bath apartments
- Similar layouts, high ceilings and good proportions
- Rear laundry and garden shared by all apartments
- Savvy long-term coastal investment opportunity
- Update block further and increase rental returns
- Rental income of $196,300 (approx) per annum
Council Rates: $2,082.50pq (approx)
Water Rates: $1,857.60pq (approx)
For more details or to book a private inspection please contact Martha Nissirios on 0418 608 752 or email [email protected]
* Please note some images contain virtual styling
Floorplans
Floor Plan 1
