2 Pinnacle Road, Coogee, WA 6166

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]