1/99 Dolphin Street, Coogee NSW 2034

Whole-floor rarity | 266sqm land | 50sqm terrace | Studio separate access | Coogee Oval views This property is structurally irreplaceable in Coogee: a full-floor apartment with no common walls, a 266sqm land holding, and a separately accessed studio that unlocks dual-living or rental income without sacrificing privacy. The renovation is recent and high-grade, meaning no immediate capital spend, and the four-car parking is exceptional for a beachside location. It serves best a buyer seeking house-like space without a house price, or a downsizer wanting lock-and-leave with genuine separation for guests or income. The main risk is the building’s tenant-heavy profile,85% renters can affect financing and common property care,and the auction timeline leaves limited inspection windows. The studio, however, offers a clear commercial logic: if rented separately, it could offset holding costs by $500–$700 per week, improving net yield. Hold this property as a primary residence with the studio as a flexible buffer, or use it as a base with passive income from the studio,either way, the configuration gives you options most apartments cannot.