2/311 Malabar,
South Coogee, NSW 2034

An exceptional opportunity exists in a prime coastal address, this superb mixed-use property to be sold-in-one-line presents exciting scope for a range of business, residential and commercial endeavours within a high visibility row of buzzing shops.

Your opportunity to either owner occupy this stunning apartment and enjoy the views and location or lease out and benefit from the strong income growth.

The property currently comprises a completely renovated upper-level two bedroomapartment with a split-level layout offering beautifully renovated coastal interiors and capturing ocean views, premium quality finishes plus a courtyard and lock-up garage.

Boasting excellent foot-traffic, the lower level consists of a successful hair salon currently tenanted on a three years with a strong rental return.

Key selling features:

Newly renovated split-level beachside two bedroom apartment with elevated ocean views

Chic coastal aesthetic with engineered timber floors and crisp white walls

Generous free-flowing living and dining areas flooded with natural light

Streamlined stone kitchen, induction cooktop, premium quality appliances

Well-proportioned bedroom appointed with built-in robe, bedroom/study

Two stylishly appointed bathrooms, external laundry, single lock-up garage and own allotment of land with potential to build on (STCA)

Total Land area: 414 Sqm (approx)

Lower-level comprises successful hair salon with excellent rental return

Superb opportunity to reside in apartment and receive passive income of $40,000 per annum

Only 15-min walk to Maroubra Beach, close to schools, shops/cafés at doorstep and excellent public transport.

Pre lodgement DA and plans in place for a three apartment development on the site with parking