Cafe on Coogee beach changes hands for $3.35 million

Cafe on Coogee beach changes hands for $3.35 million
Cafe on Coogee beach changes hands for $3.35 million

A freehold commercial property on Sydney’s famous Coogee Beach leased to a cafe recently changed hands for $3.35 million.

The property at 252 Coogee Bay Road is three levels.

It returns $173,900 + GST p.a. 

Zoned B2 Local CTR with fully licensed cafe/restaurant, the property has potential for further development subject to council approval. 

The land area is about 140 sqm with a floor area of nearly 240 sqm.

The selling agent was Mark Fragias of Ray White who marketed it as "situated on iconic Coogee Beach with prominent Coogee Bay Road location and metres from Ardent Street facing North/South and positioned directly opposite major commercial landmark Coogee Bay Hotel."

Tags: 
Retail Sale Coogee

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