Mixed Use Freehold Investment with Substantial Development Upside
Ray White Commercial Eastern Suburbs + Ray White Double Bay are pleased to present to market 665 Old South Head Rd, Rose Bay being sold via Auction.
Property Highlights:
- Located in the heart of Rose Bay Shopping Village, less than 10kms from Sydney's CBD.
- First time offered in 70 years, a generational opportunity awaits for developers, investors + / or future owner occupiers.
- Undercapitalised freehold building with significant potential to add value
- Incredible opportunity to develop a 4 level mixed use residential apartment & retail complex^
- Comprises of 2 x retail shops, 2 x offices + seperate 3 bedroom residence with dual access.
- Estimated fully leased income of $160,000 per annum with scope for rental uplift.
- Offers rear lane access with lockup garage + additional onsite parking for 2 cars.
- Situated close to Coles, Australia Post, Bunnings, Harris Farm, local cafes, gyms + schools
- Bus services on the property's doorstep offers access to transport links to Bondi Junction, Sydney CBD + surrounding amenities.
Development Highlights:
- Site Area: 430m2*
- Existing Building Area: 352m2*
- Potential Building Area: 645m2^
- 1.5:1 FSR / Height Limit 13m
- Flexible E1 Local Centre Zoning allowing for both residential / commercial uses^
* Approx
^ Subject to Council Approval
Inspection Times:
By Appointment Only
Zorick Toltsan | RWC - Eastern Suburbs
Daniel Ungar | Ray White Double Bay
