304 Clovelly Road, Clovelly

Land/Development
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UNDER BENEFICIARIES' INSTRUCTIONS - ENTIRE BLOCK OF 6 X 2 BEDROOM FLATS PLUS 5 CAR SPACES - EXCEPTIONAL LOCATION CLOSE TO CLOVELLY BEACH

Constructed in the 1960's this block of six is in sound condition and offers an opportunity for both the investor and developer. Enjoying an elevated position facing north and overlooking the valley with unrestricted outlook. The building is constructed of full brick with suspended concrete slabs supporting parquetry floors. Two flats on each of three floors separated by a shared laundry on each level - the flats have no common walls.

First time offered in almost half a centuryElevated above street levelSizable sun-terrace accessed from flat 1Huge utility area with redevelopment potential (STCA)Rear courtyard accessed from flat 2Natural light on four sidesOnly 300m from Clovelly beachClose to Gordons Bay and coastal walkRight on public transportOutstanding opportunity to refurbish
TOTAL INCOME $163,280 pa (potential to improve)

OUTGOINGS
Water rates $4,104 pa
Randwick Council Rates $6,318 pa
Insurance $4,827 pa
Land Tax $20,240 (land value $1,710,000 July 2014)

LAND SIZE
12.4/12.37 x 38.02/38.01m - 462 sqm approx

FLAT SIZES
Flats 2,4,6 64 sqm approx
Flats 1,3,5 65 sqm approx
Utility area 30 sqm approx

INSPECTIONS
Tuesdays & Fridays 11.30-12.30pm

CO-AGENT
Tim Pockley - Pockley & Roderick 93287211 or 0402 913 225

Property Information

  • Land area approx 462sqm

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304 Clovelly Road, Clovelly
Land/Development
Sold
Suburb Guide

Clovelly

Nestled along the picturesque coastline of Sydney, Clovelly is a charming suburb that seamlessly blends the tranquility of a seaside retreat with the convenience of urban living. Known for its stunning beach, Clovelly offers residents a unique coastal lifestyle with its sheltered bay, ideal for swimming and snorkeling in crystal-clear waters.

The suburb boasts a welcoming community atmosphere, complemented by local cafes, boutique shops, and scenic coastal walks, making it a highly sought-after destination for those seeking a harmonious blend of natural beauty and city accessibility.

The suburb's distinctive character is further enhanced by its coastal promenade, providing panoramic views of the ocean. With a mix of architectural styles ranging from historic homes to modern residences, Clovelly offers diverse housing options that cater to a variety of tastes, making it an appealing choice for those looking to embrace the laid-back yet vibrant coastal lifestyle.

Suburb Features

Education

  • Clovelly Public School

  • St Anthony's Catholic Primary School

  • St Margaret Mary's Catholic Primary School

Recreation

  • Clovelly Beach

  • Clovelly Outdoor Gym

  • Clovelly Bowling and Recreation Club Ltd

  • Massage by the Sea

  • Yummy Mummy Day Spa

Restaurants

  • Seasalt Clovelly

  • Seven Shores

  • Wagyuto Clovelly

  • Clovelly Hotel

  • Out of the Blue Clovelly

  • La Madia Pizzeria Clovelly

  • Tuga x Village

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