Description

JLL, as exclusive selling agents, are proud to present 64 Ewos Parade, Cronulla, a block of four strata titled, 2-bedroom apartments offered for sale in one line in the exclusive South Cronulla peninsula. The property offers immediate rental reversion upside and has secured DA approval (DA23/0650) to deliver five whole floor luxury apartments above two levels of basement carparking.

...

Attributes

Land area gross

564 sm

Media

Investment highlights

Large existing units – Four oversized 2-bedroom units averaging approximately 90 sqm, each with lock up garage or car space.
Rental Reversion – Units are under-rented with current rent averaging $525 per week, presenting immediate rental reversion opportunity.
Land Ownership - Rare landholding of 564 sqm* in the exclusive South Cronulla peninsula.
Walk everywhere - Only 300m to Shelly Beach & ocean pool or 950m to Cronulla Beach, and just 1km walk to Cronulla Town Centre.
High income area - Median house prices of $3.5 million* and strong apartment demand from downsizers, retirees and families seeking premium coastal living.
Approval Secured - DA approved opportunity to develop a premium project comprising five whole floor apartments. Secure underground parking via ramp with no car lift or stacker.
South Cronulla Landbank- Income generating landbank with four existing apartments providing immediate rental income.
Limited supply - Located in a supply-constrained region with most surrounding land parcels already developed into high density apartment blocks.
Luxury Architectural Plans - Approved plans for luxury apartments averaging 160 sqm internal area each, with penthouse unit including rooftop terrace and pool.