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88-120 Clovelly Rd, Randwick Nsw 2031 6,060 SF 100% Leased Retail Building Randwick, NSW 2031 For Sale
Investment Highlights
- Retail and development site positioned on a prominent 651 sqm* allotment in central Randwick.
- Located in an area with demonstrated demand for mixed-use and residential projects.
- Flexible redevelopment options enabled by R3 zoning, FSR 0.9:1, and 12m height limit (STCA).
Executive Summary
88-120 Clovelly Road represents a rare opportunity to acquire a substantial retail and development site in the heart of one of Sydney’s most desirable eastern suburbs. Spanning a 651 sqm* land parcel with R3 zoning, this corner-block property currently offers a strong dual-tenancy investment anchored by a service station and a mechanic generating secure income. Complemented by an FSR of 0.9:1 and a 12-meter height limit, the property provides exceptional flexibility for repositioning or redevelopment into residential, mixed-use, or commercial projects, subject to council approval.
Strategically located on Clovelly Road, the site is moments from vibrant Frenchmans Road village, featuring cafes, restaurants, and specialty retailers. It offers superb access to public transport, Randwick Junction, UNSW, and health institutions such as Prince of Wales Hospital, while being only minutes from Clovelly and Coogee Beaches. This address combines immediate holding income with long-term value upside, making it an attractive prospect for developers, investors, and mixed-use project visionaries seeking a foothold in Sydney’s tightly held eastern corridor.
Strategically located on Clovelly Road, the site is moments from vibrant Frenchmans Road village, featuring cafes, restaurants, and specialty retailers. It offers superb access to public transport, Randwick Junction, UNSW, and health institutions such as Prince of Wales Hospital, while being only minutes from Clovelly and Coogee Beaches. This address combines immediate holding income with long-term value upside, making it an attractive prospect for developers, investors, and mixed-use project visionaries seeking a foothold in Sydney’s tightly held eastern corridor.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Service Station
Building Size
6,060 SF
Building Class
C
NOI
$343,195 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Lot Size
0.16 AC
Amenities
- Signage
- Monument Signage
- Air Conditioning
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88-120 Clovelly Rd, Randwick Nsw 2031
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