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516-518 Old South Head Road, ROSE BAY NSW 2029
Eastern Suburbs Mixed Use Investment with Huge Development Potential
Hart Estate Agents + Ray White Commercial Eastern Suburbs are pleased to offer 516 & 518 Old South Head Rd, Rose Bay to the market for sale by Public Auction.
The properties offer a rare, once in a lifetime opportunity to secure two mixed use freeholds in one of Sydney's most prestigious and affluent suburbs with significant development potential.
Rose Bay is currently undergoing major transformation, with a proposed new Woolworths and many high quality mixed use developments recently completed and under construction.
516 & 518 Old South Head Rd comprises 2 retail tenancies, 3 residential units and rear lane access to onsite parking via Dover Lane, this opportunity is one not to be missed.
Key Highlights:
- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities.
- Combined Site Area: 582m2* with a 15m frontage* to Old South Head Rd.
- Mix of 1 x 3 bedroom, 1 x 2 bedroom + 1 x 1 bedroom plus 2 retail tenancies
- Favorable planning controls in versatile MU1 Mixed Use Zoning
- Current Annual Income: $280,000 per annum* with flexible leases + demolition clauses in place
- Close to Harris Farm, Bunnings, upcoming Woolworths development, Chemist Warehouse, local cafes, shops, gyms + schools.
- Bus services on the property's doorstep offer access to transport links to Bondi Junction, Sydney CBD + surrounding amenities.
Planning Controls (Woollahra LEP 2014):
- Site Area: 582m2*
- FSR 1.5:1 | Height Limit 14.5m
- Permissible Gross Floor Area: 873m2^ (subject to council approval)
- MU1 Mixed Use Zoning
* Approx
Auction: Tuesday, 3rd December 2024 at 5pm (AEDT)
Homely Auction House
Level 1, 29-33 Bay St, Double Bay.
For further details, please contact the exclusive selling agents on details below.
Alex Hart
Hart Estate Agents
0418 245018
alex.h@hartestateagents.com.au
Zorick Toltsan
Ray White Commercial Eastern Suburbs
0411 227784
ztoltsan@raywhite.com
The properties offer a rare, once in a lifetime opportunity to secure two mixed use freeholds in one of Sydney's most prestigious and affluent suburbs with significant development potential.
Rose Bay is currently undergoing major transformation, with a proposed new Woolworths and many high quality mixed use developments recently completed and under construction.
516 & 518 Old South Head Rd comprises 2 retail tenancies, 3 residential units and rear lane access to onsite parking via Dover Lane, this opportunity is one not to be missed.
Key Highlights:
- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities.
- Combined Site Area: 582m2* with a 15m frontage* to Old South Head Rd.
- Mix of 1 x 3 bedroom, 1 x 2 bedroom + 1 x 1 bedroom plus 2 retail tenancies
- Favorable planning controls in versatile MU1 Mixed Use Zoning
- Current Annual Income: $280,000 per annum* with flexible leases + demolition clauses in place
- Close to Harris Farm, Bunnings, upcoming Woolworths development, Chemist Warehouse, local cafes, shops, gyms + schools.
- Bus services on the property's doorstep offer access to transport links to Bondi Junction, Sydney CBD + surrounding amenities.
Planning Controls (Woollahra LEP 2014):
- Site Area: 582m2*
- FSR 1.5:1 | Height Limit 14.5m
- Permissible Gross Floor Area: 873m2^ (subject to council approval)
- MU1 Mixed Use Zoning
* Approx
Auction: Tuesday, 3rd December 2024 at 5pm (AEDT)
Homely Auction House
Level 1, 29-33 Bay St, Double Bay.
For further details, please contact the exclusive selling agents on details below.
Alex Hart
Hart Estate Agents
0418 245018
alex.h@hartestateagents.com.au
Zorick Toltsan
Ray White Commercial Eastern Suburbs
0411 227784
ztoltsan@raywhite.com
