284 Clovelly Road Coogee NSW 2034

Knight Frank as the exclusive selling agent is delighted to present to market for sale via auction - 284 Clovelly Road, Coogee; A high profile eastern suburbs block of 28 self-contained apartments leased to ASX Listed Alloggio, Australia's market leading short term rental accommodation operator.

The property currently comprises 28 self-contained fully furnished studio apartments, all including a modern kitchen, bathroom and air conditioning services, positioned within the heart of one of Sydney's most desirable beachside suburbs.

Key highlights of this opportunity include:
- $605,000 pa. + GST passing income
- Secure long lease to an ASX Listed tenant, Alloggio (ALO)
- Short walk to Sydney's most iconic beaches and Coogee's retail precinct
- Leased until September 2029 with an 8 + 8 year option and annual rental increases
- Net lease with tenant paying all outgoings

For more information on this opportunity, please do not hesitate to reach out to one of the below sales agents.