3 Eileen Street, Cottesloe

Tory Packer and Wayne Lawrence have exclusive authority to market a very rare opportunity to secure a unique landholding in the highly sought after coastal precinct of Cottesloe.

Key highlights of the offering include:

• 1,518 sqm rectangular unencumbered landholding;
• Elevated site with ocean views;
• 1 min walk to Cottesloe Beach;
• Improved by 12×1 bed units and a pool;
• Current gross holding income of approximately $210,000 per annum;
• Residential R60 zoning;
• 30.18m frontage to Eileen Street and Bryan Way;
• Vehicle access from front and rear of property;
• Vibrant locality with an abundance of pub and restaurant options; and
• Close to IGA, recreational facilities, bus stop and train station.

The vibrancy from the Marine Pde hospitality venues like Cottesloe Beach Hotel, Ocean Beach Hotel, Canteen Pizza, Il Lido, Canteen Pizza, Little SUP, Barchetta, The Blue Duck and the soon to be re-opened Indiana Teahouse, which are all within walking distance, is unmatched.

This represents a once in a lifetime opportunity to capitalise on Cottesloe’s increasing popularity and consequential strong house price growth should not be missed.
The median house price has increased by more than 33% over the last year in this suburb, with buyer demand outstripping supply.