Mixed Use Freehold Investment with Substantial Development Upside

Ray White Double Bay + Ray White Commercial Eastern Suburbs are pleased to present to market 665 Old South Head Rd, Rose Bay

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

Explore the area

School catchments

Kambala Combined K-12 Independent 0.61km
Kincoppal - Rose Bay School of the Sacred Heart Combined K-12 Independent 0.68km
Kambala, Fernbank Campus Secondary Independent 0.69km
McAuley Catholic Primary School Primary K-6 Catholic 0.88km
Kesser Torah College Combined K-12 Independent 0.90km
Rose Bay Public School Primary K-6 Government 1.1km
Rose Bay Secondary College Secondary 7-12 Government 1.5km
Cranbrook Junior School Primary Independent 1.6km
Vaucluse Public School Primary K-6 Government 1.6km
Reddam House, Bondi Campus Secondary Independent 2.3km
Galilee Catholic Primary School Primary K-6 Catholic 2.3km
The Scots College Combined K-12 Independent 2.6km
Cranbrook School Secondary K-12 Independent 2.6km
Bondi Beach Public School Primary K-6 Government 2.6km
The Scots College, Ginahgulla Centre campus Combined Independent 2.7km
The Scots College Preparatory School Primary Independent 2.8km
The Scots College ELC campus Primary Independent 2.9km
Bellevue Hill Public School Primary K-6 Government 3.0km
Bondi Public School Primary K-6 Government 3.3km
Reddam House Combined Independent 3.6km
Ascham School Combined K-12 Independent 4.1km
Waverley College Secondary 5-12 Independent 4.2km
St Clare's College Secondary 7-12 Catholic 4.4km
St Clare's College - Bronte Road Campus Secondary Catholic 4.5km
Moriah College Combined K-12 Independent 4.9km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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