Sterling Property, as exclusive selling agents, is pleased to present 2 Pinnacle Road, Coogee - a modern residential development on a generous 1,368 sqm freehold site. Comprising four well-designed 3x2 villas, the property is currently leased to an NDIS provider at $690 per week per unit, with residential market rents estimated at $850–$900 per week.
Located in the high-growth coastal suburb of Coogee, this offering presents a flexible investment opportunity - whether for private investors seeking strong rental income, NDIS owner-occupier providers looking for secure long-term leasing, or owner-occupiers seeking a unique multi-unit residential holding. The property’s strata title also provides the potential for future individual unit sales.
Investment Highlights:
• Four modern 3x2 villas built in 2020, featuring spacious living areas, alfresco spaces, and double carports.
• Secure lease to an NDIS provider expiring in April 2025, generating approx. $143,520 gross rent p.a.
• Significant rental uplift potential post-lease expiry.
• Located in a high-demand residential market with historically low vacancy rates.
• Flexible investment with potential for owner-occupation, continued leasing, or future short-stay accommodation (subject to council approval).
• Elevated 1,368 sqm* freehold site in a prime coastal growth corridor.
• Coogee’s strong market fundamentals, with a 5-year growth rate of 68.3%.
• Strata titled, allowing the option to sell villas individually in the future.
Inspection:
By appointment only.
Dataroom Access:
A data room containing leases, plans, and depreciation schedules is available upon request.
For Sale via Offers Invited
Closing Tuesday, February 18, 2025, at 4:00 PM (AWST), unless sold prior.
For further details, access to the data room, or to arrange an inspection, please contact:
Jack Bradshaw
Senior Partner, Sterling Property
M: 0439 095 336 | E: [email protected]
Jake Wallman
Partner, Sterling Property
M: 0403 975 298 | E: [email protected]
This commercial property at 2 Pinnacle Road, Coogee is listed for sale by Jake Wallman and Jack Bradshaw at Sterling Property.
It has been described by the agent as ‘Four Modern Residential Villas with Strong Leasing or Owner-Occupation Potential’.
If you would like to get in touch with Jake Wallman or Jack Bradshaw regarding 2 Pinnacle Road, Coogee, please call Jake on 0403 975 298 or call Jack on 0439 095 336, or contact the agent via email.