516-518 Old South Head Road, Rose Bay, NSW 2029

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

The properties are being sold via Expressions of Interest, closing Wednesday 11th December, 2024 at 4pm (AEDT)

For further details, please contact the exclusive selling agents on details below.

Alex Hart
Hart Estate Agents
0418 245018
[email protected]

Zorick Toltsan
Ray White Commercial Eastern Suburbs
0411 227784
[email protected]