Randwick 61-63 Pine Street

Exceptional Opportunity In Desirable Randwick North Pocket

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 apartmentsTwo self-contained apartments in each block, one per floorSolid cash flow in place, potential rental yield = $3,200 - $3,400R3 zoning currently in place allows medium density residentialTraditional pressed metal ceilings, fireplaces, picture railsInvaluable double garage plus multiple side lane car parkingStroll to Frenchmans Road and Charing Cross gourmet eateriesMoments to St Catherine's, Waverley College, Moriah College8 minute drive to Westfield and Bondi Junction Train StationPerfectly positioned minutes to Bronte and Clovelly beaches