2 Pinnacle Road, Coogee, WA 6166

Sterling Property as exclusive selling agents are pleased to present For Sale 2 Pinnacle Road, Coogee, a modern built residential grouped housing development comprising four 3x2 bedroom freehold strata units currently leased to an NDIS provider, located in the emerging coastal suburb of Coogee.

Designed for practicality and adaptability, the units appeal to astute private investors, NDIS providers seeking long-term lease opportunities, residential owner-occupiers as four units in-one-line, and those exploring short-stay accommodation (subject to council approval). The offering eliminates the challenges of high construction costs, providing a ready-made investment in a market with historically low vacancy rates.

Investment Highlights
• Four modern 2020 built 3x2 bedroom units, comprising spacious living areas, alfresco and double car port garages
• Currently leased to NDIS provider PHASE until April 2025 (no options) 
• $143,520 gross rent pa approximately 
• Significant rental reversion opportunities post lease expiry 
• Flexible offering in strong residential market, with opportunity to owner occupy or invest
• Elevated 1,368 sqm* freehold site in growth catchment, with providing strong underlying land value
• Located within emerging coastal suburb of Coogee, with a 5-year growth rate of 68.3%
• Strata titled providing an ability to sell-off individually in the future

Upcoming Property Viewings 
Join us for one of our upcoming scheduled viewings:
• Wednesday, 29th January: 12:00 PM – 12:45 PM
• Saturday, 8th February: 10:00 AM – 10:45 AM

Dataroom
Access to the data room, containing the leases, plans & depreciation schedule is available upon request.

For Sale via Offers Invited
Offers close Tuesday, February 18th, 2025, at 4:00 PM (AWST), unless sold prior.

To request the IM, discuss the opportunity 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]