Heritage Smithfield Grande, Coogee trophy home passed in at auction

Heritage Smithfield Grande, Coogee trophy home passed in at auction
Staff reporterSeptember 3, 2019

The heritage Coogee residence, Smithfield Grande, was passed in on a $6 million vendor bid at its recent auction.

The 1883 Italianate mansion currently comprises 12 one bedroom, one bathroom apartments.

Gavin Rubinstein and Oliver Lavers of Ray White marketed the listing.

Situated at, 88 Brook Street the listing said "it presents the opportunity to purchase as is, renovate further or restore this historic estate to its original grandeur and beauty".

Featuring soaring ornate ceilings and period fixtures, each apartment features a different layout.

The property has only changed hands four times over the past 136 years.

Set on 1,100 square metres, when fully leased it has a gross income of $307,000 according to the listing.

Steps to Coogee Beach, village shops, cafe, parks and buses, it also has parking for 12 cars.

Randwick Council indicated it intended to issue a fire safety order earlier this year.

Tags:
Coogee

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