61-63 Pine Street, Randwick, NSW 2031

Tightly held by one family for over 50 years and placed on an expansive 543sqm block, stately 'Claroma Flats' presents a wealth of opportunities. Holding a prized sun-soaked north to rear aspect, the property is brimming with potential and possibilities, including conversion into one grand family residence, investment potential with solid cash flow from rental income, or a combination of both options. A rare opportunity in a coveted Randwick North pocket, the residence is 250 metres to Queens Park, and surrounded by a selection of the finest schooling options.

- Current configuration offering four x one bedroom apartments
- Two self-contained apartments in each block, one per floor
- Solid cash flow in place, potential rental yield = $3,200 - $3,400
- R3 zoning currently in place allows medium density residential
- Traditional pressed metal ceilings, fireplaces, picture rails
- Invaluable double garage plus multiple side lane car parking
- Stroll to Frenchmans Road and Charing Cross gourmet eateries
- Moments to St Catherine's, Waverley College, Moriah College
- 8 minute drive to Westfield and Bondi Junction Train Station
- Perfectly positioned minutes to Bronte and Clovelly beaches