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32-34 Perouse Road, Randwick, NSW 2031 For Sale

32-34 Perouse Road, Randwick, NSW 2031

Auction Guide $11,000,000

Block Of Units
Type
17
Bedrooms
14
Bathrooms
11
Parkings

Published on Wednesday, October 14, 2026 ( See property details for 32-34 Perouse Road, Randwick, NSW 2031)

Auction Guide $11,000,000

Open on Saturday 17 October 12:00 pm | View All

Auction Wednesday 18 November at 6:00 pm | View All

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A highly versatile and well-located mixed-use property in Randwick's vibrant 'The Spot' precinct offering diversified income streams and strong growth prospects.

🏡 Property Highlights

  • Diversified income profile with 17 tenancies across residential, boarding house, and retail uses
  • Prime location within Randwick's highly sought-after 'The Spot' precinct
  • Recently refurbished with modern finishes and upgraded services, reducing future capital expenditure
  • Excellent transport links, including a bus stop at the doorstep and proximity to Randwick Light Rail
  • Strong gross income of $732,145 per annum with rental growth potential
  • Positioned in a vibrant dining and entertainment hub with renowned cafes and cinemas

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Security Screens / Gates
  • Floorboards
  • Ensuite
  • Internal Laundry
  • Balcony
  • Water tank
  • NBN / High-Speed Ready
  • Fully fenced

Randwick's 'The Spot' is a vibrant hub renowned for its lively dining, entertainment, and cultural scene. The area offers excellent transport connectivity, including bus and light rail access, making it highly desirable for tenants. With a mix of retail, residential, and commercial spaces, it provides a dynamic lifestyle and strong investment potential. The precinct benefits from ongoing development and a strong community atmosphere, ensuring long-term growth. Its proximity to beaches, parks, and educational institutions further enhances its appeal for residents and investors alike.

What is the current occupancy rate and vacancy history for this property?
The property has historically maintained a low vacancy rate across both residential and commercial tenancies, supported by strong tenant demand in Randwick's vibrant 'The Spot' precinct.
Are there any upcoming planned developments or zoning changes in the area that could affect the property?
Currently, there are no known planned developments or zoning changes that would negatively impact the property; however, prospective buyers should review local council plans for any future updates.
What are the ongoing outgoings and maintenance costs associated with the property?
The property benefits from efficient outgoings, including maintenance, council rates, and utilities, which are supported by recent upgrades and modern finishes, reducing future expenditure.
Is the property compliant with current fire, electrical, and safety regulations?
Yes, the property was recently refurbished and extended approximately five years ago, including upgrades to fire, water, electrical, and communication services, ensuring compliance with current safety standards.
Are there any restrictions or covenants on the property that I should be aware of?
The property is situated within a mixed-use precinct with standard zoning; no specific restrictions or covenants are noted, but buyers should verify with local authorities.
Are there any hidden costs or upcoming capital expenditure requirements not covered in the current disclosures? Has the property been inspected for structural issues or defects, especially given its age and recent refurbishment? Are there any easements, zoning restrictions, or planning overlays that could limit future development or use? What are the flood or bushfire risks associated with the site, and are there any relevant hazard assessments? Is the property part of a strata or body corporate, and if so, what are the fees and management arrangements? Are there any planned or ongoing nearby construction projects that could impact the property’s value or living conditions? What are the terms of the existing leases, and are there any upcoming lease expirations or rent reviews? Are there any noise or neighbour-related issues that could affect the property's desirability? Is the property compliant with accessibility standards, and are there any modifications needed for disabled access? What are the long-term growth prospects for the area, considering local infrastructure and development plans?

32-34 Perouse Road, Randwick, NSW 2031 - More Details

Auction Guide $11,000,000

Positioned on a 548.1 sqm* site within Randwick's renowned 'The Spot'
precinct, the property comprises 17 tenancies across residential
apartments, boarding house accommodation, and retail/commercial
uses, providing a highly diversified income profile with strong underlying
land value and long-term growth prospects.

Investment Highlights:
- Positioned within one of Randwick's most tightly held mixed-use precincts, benefiting from strong tenant demand and excellent amenity.
-Diverse income stream across 17 tenancies: 4 x 2-bedroom, 2 x 1 bedroom, 9 x Studios & 2 x retail shops.
- Recently refurbished and extended approximately five years ago, including upgraded fire, water, electrical and communication services, together with modern finishes, reducing future capital expenditure requirements.
- Unmatched transport accessibility, with a bus stop at the doorstep and the Randwick Light Rail just 400m* away.
- Generating a strong gross income of $732,145 p.a.*, providing immediate cash flow with rental growth potential.
- Positioned within 'The Spot' precinct, Randwick's vibrant dining and entertainment hub, home to renowned cafés, restaurants, and the iconic Ritz Cinema.
- Historically low vacancy across both residential and commercial tenancies, supported by efficient outgoings and a strong net return.
Type
Block Of Units
Bedrooms
17
Bathrooms
14
Parkings
11

Inspections times

  • Inspection Sat 17 Oct 12:00 pm

    Saturday 17 October
    12:00 pm - 12:30 pm
    Add to calandar Remind Me

  • Inspection Wed 21 Oct 12:00 pm

    Wednesday 21 October
    12:00 pm - 12:30 pm
    Add to calandar Remind Me

  • Inspection Sat 24 Oct 12:00 pm

    Saturday 24 October
    12:00 pm - 12:30 pm
    Add to calandar Remind Me

  • Inspection Wed 28 Oct 12:00 pm

    Wednesday 28 October
    12:00 pm - 12:30 pm
    Add to calandar Remind Me

  • Inspection Sat 31 Oct 12:00 pm

    Saturday 31 October
    12:00 pm - 12:30 pm
    Add to calandar Remind Me

Auctions

  • 32-34 Perouse Road, Randwick, NSW 2031

    Wednesday 18 November
    6:00 pm
    Add to calandar Remind Me

Map & nearby places — 32-34 Perouse Road, Randwick, NSW 2031

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