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238 - 242 Rocky Point Road
Ramsgate NSW 2217

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 800m2
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DA Approved | First Stage of CC Completed | 21 Lots | 800sqm | Realistic Vendor

Here is your opportunity to secure a site with enormous potential in one of South Sydney's strongest-performing markets. Approval is in place for a 21-lot redevelopment made up of 19 incredibly spacious apartments and 2 large retail shops. Build and profit using the existing approval or explore various alternate development.
Key Features:
> Easy construction with a 2-level basement complimented with rear lane access from Meurants Lane
> 18m frontage with rear lane access on 800 m2 of land
> Favourable unit mix with 70% mix of two & three bedrooms
> Approved GFA of 1,597m2*
> Water views from upper levels
> Strong population projection for the surrounding LGA
> Prized Bayside location moments from The Intersection Tavern, Ramsgate Beach and opposite proposed development for residential towers and major shopping precinct and supermarkets
> Our genuine vendors seek a definite sale
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Property Details for 238 - 242 Rocky Point Rd, Ramsgate

Building Type
Commercial
Land Size
800m2

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About Ramsgate 2217

The size of Ramsgate is approximately 0.4 square kilometres. It has 5 parks covering nearly 33.1% of total area. The population of Ramsgate in 2011 was 903 people. By 2016 the population was 1,106 showing a population growth of 22.5% in the area during that time. The predominant age group in Ramsgate is 40-49 years. Households in Ramsgate are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Ramsgate work in a professional occupation. In 2011, 75.9% of the homes in Ramsgate were owner-occupied compared with 68.4% in 2016.

Ramsgate has 865 properties. Over the last 5 years, Houses in Ramsgate have seen a 62.51% increase in median value, while Units have seen a 24.76% increase. As at 30 November 2024:

  • The median value for Houses in Ramsgate is $2,100,451 while the median value for Units is $856,860.
  • Houses have a median rent of $820 while Units have a median rent of $650.
There are currently 3 properties listed for sale, and 6 properties listed for rent in Ramsgate on OnTheHouse. According to CoreLogic's data, 33 properties were sold in the past 12 months in Ramsgate.

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Nick Countouris
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Richardson & Wrench Pyrmont/Glebe
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