32-34 Perouse Road, Randwick, NSW 2031

McGrath and Knight Frank are pleased to present 32–34 Perouse Road, Randwick, a rare opportunity to acquire a substantial mixed-use investment in one of the Eastern Suburbs’ most tightly held and supply-constrained locations.

Positioned on a 548.1 sqm* site within Randwick’s renowned ‘The Spot’ precinct, the property comprises 17 tenancies across residential apartments, boarding house accommodation, and retail/commercial uses, providing a highly diversified income profile with strong underlying land value and long-term growth prospects.

Investment Highlights:
- Positioned within one of Randwick’s most tightly held mixed-use precincts, benefiting from strong tenant demand and excellent amenity.
-Diverse income stream across 17 tenancies: 4 x 2-bedroom, 2 x 1 bedroom, 9 x Studios & 2 x retail shops.
- Recently refurbished and extended approximately six years ago, including upgraded fire, water, electrical and communication services, together with modern finishes, reducing future capital expenditure requirements.
- Unmatched transport accessibility, with a bus stop at the doorstep and the Randwick Light Rail just 400m* away.
Generating a strong gross income of $708,641 p.a.*, providing immediate cash flow with rental growth potential.
- Positioned within ‘The Spot’ precinct, Randwick’s vibrant dining and entertainment hub, home to renowned cafés, restaurants, and the iconic Ritz Cinema.
- Historically low vacancy across both residential and commercial tenancies, supported by efficient outgoings and a strong net return.
 
32-34 Perouse Road, Randwick will be for sale via Public Auction on Wednesday, 18 November at 6:00 PM (AEDT).

For further information or to arrange an inspection please contact the below listing agents.

*Approximately.