Boutique Block Of Five For Sale In One Line, Northerly City Views And A Massive Future Upside

An exceptional opportunity on the edge of Maroubra Junction, this boutique block of five apartments presents a compelling investment or development prospect just 8km southeast of the CBD. Set on 484sqm approx with a prized due-north rear aspect, the three-storey building comprises four two-bedroom apartments and a whole-floor penthouse capturing sweeping city skyline views. Held by three generations and on the market for the first time in over half a century, discover a world of opportunity in a prime location. With no common walls, on-site parking and solid bones, the building offers flexibility to update, strata subdivide or explore long-term development potential under the recently introduced Low and Medium Rise Housing Reforms (STCA). Zoned R2 and positioned just 350m from Maroubra Junction town centre, it falls within the 400m walkable catchment under the 2025 LMR policy offering a significant future upside. In a high-demand area with strong rental appeal and future growth drivers, this is a rare chance to secure a blue-chip holding with immediate income and future value catalysts.

POTENTIAL RENTAL $202,800 PA

• Entire block of five on one title
• 4 x oversized 2 bed apartments,
• Whole-floor 4 bedroom penthouse
• Northerly city views from the rear
• Light and airy interiors, high ceilings
• Gas kitchens, polished timber floors
• Original feature fireplaces preserved
• No common walls, double brick build
• Hardstand parking at the rear of block
• Double brick c1940 block, 484sqm approx
• R2 zoning, 350m to Maroubra Junction hub
• New reforms in place, future upside
• Potential for a six-storey building (STCA)
• Steady income during the DA process
• 600m to Pacific Square, 250m to Cafe Positano