On behalf of FerrierSilvia, Raine & Horne Commercial are pleased to offer to the market 29-31 Alfreda Street, Coogee. The property offers a prominent freehold building across four levels with leases in place to two very well established successful businesses.
Key Features:
> Returning approximately $470,209.20* per annum net
> Well established tenants include Titan Fitness and Osteria Coogee
> High profile, North facing position over Coogee Oval
> Substantial 842sqm site
> Only 100m to Coogee Beach, one of the most famous beaches in Sydney
> Parallel with Coogee Bay Road, the main shopping and retail street in Coogee.
> Multiple options to reposition the asset working with the existing building or explore mixed use / residential redevelopment options in the future
> Rare opportunity in Sydney's highly sought after Eastern Beaches
*All figures are approximate
The size of Coogee is approximately 2.0 square kilometres. There are 14 parks, covering nearly 19.0% of the total area. The population of Coogee in 2016 was 15212 people. By 2021 the population was 14634 showing a population decline of 3.8% in the area during that time. The predominant age group in Coogee is 30-39 years. Households in Coogee are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Coogee work in a professional occupation.In 2021, 43.50% of the homes in Coogee were owner-occupied compared with 43.60% in 2016.
Coogee has 9,191 properties. Over the last 5 years, Houses in Coogee have seen a 13.38% increase in median value, while Units have seen a 16.90% increase. As at 30 June 2026:
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