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Investment Highlights

  • Block comprising 12 two-bedroom apartments
  • LMR zoning allowing future development potential
  • Located near UNSW and Prince of Wales Hospital

Executive Summary

This boutique residential block on St Pauls Street presents a compelling investment opportunity in Randwick, one of Sydney’s most sought-after and tightly held suburbs. Comprising 12 well-maintained two-bedroom apartments, the property is supported by reliable existing rental income, creating immediate cash flow for investors. Its desirable location is complemented by proximity to world-class educational and medical institutions, including the University of New South Wales and Prince of Wales Hospital, as well as major retail and dining destinations.
Positioned under valuable Low-Medium Residential (LMR) zoning, the asset offers exceptional longer-term potential with options to enhance rental yields, undertake value-add upgrades, or explore redevelopment strategies, subject to council approval. The supply-constrained Eastern Suburbs market continues to demonstrate sustained demand, providing confidence around capital appreciation and future flexibility. This rare offering combines security, scale, and strategic upside, ensuring appeal to private investors, developers, and institutional buyers seeking a portfolio-strengthening asset in a blue-chip location.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.17 AC
Building Size 11,248 SF
No. Stories 3
  • Listing ID: 40798361

  • Date on Market: 2026-06-05

  • Last Updated:

  • Address: 9-11 Saint Pauls St, Randwick, NSW 2031

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