506 Old South Head Road, Rose Bay, NSW 2029

Ray White Commercial Eastern Suburbs is pleased to present 506 Old South Head Rd, Rose Bay to market, for sale via Public Auction.

Positioned in one of Eastern Suburb's most tightly held retail precincts, this mixed use commercial property is being offered to the market for the first time in 40 years.

Property Highlights:

- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities
- Surrounded by national tenants + major supermarkets including Woolworths, Harris Farm, Chemist Warehouse, Bunnings as well as local cafes, bakeries, restaurants, schools + gyms.
- First time offered in 40 years, a generational opportunity awaits for investors, future owner occupiers + developers.
- The property comprises a ground floor retail premises + separate large 2 bedroom residence with access via Dover Lane.
- Well maintained building with scope to add value, reposition + increase existing building area^
- The property provides convenient public transport options, with buses connecting to Bondi Junction + Sydney CBD, as well as Sydney Ferry services within walking distance connecting to Circular Quay, Manly, and Taronga Zoo.

Investment Highlights: 

- Ground floor leased to "Centennial Dry Cleaners", returning $10,000 per month inc GST (approx, lease expires March 31st, 2025)
- Separately leased 2 bed + 2 bath residence, returning $3,900 per month (approx, lease expires April 19th, 2025)
- Each tenant provided with 1 car space at the rear via Dover Lane

Planning Controls (Woollahra LEP 2014)

- Site Area: 227.6m2 *
- Existing Building Area: 234m2*
- FSR 1.5:1 | Height Limit 14.5m (Woollahra LEP 2014)
- Potential Building Area: 341.4m2^
- Versatile MU1 Mixed Use Zoning allowing for both residential / commercial uses

* Approx.
^ Subject to Council Approval

Auction Details

Date: Wednesday November 13th, 2024
Location: Ray White Corporate Office | Level 7, 44 Martin Place Sydney NSW 2000
Time: 10:30am (AEDT)

For further information, please contact the exclusive selling agents below.