FOR SALE
Sale Price Unavailable

506 Old South Head Road
Rose Bay NSW 2029

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 234m2
Land area: 228m2
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Auction Time
Wed 13 Nov 10:00 am
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No upcoming inspections scheduled.
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Eastern Suburbs Mixed Use Freehold Investment

Ray White Commercial Eastern Suburbs is excited 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:
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Property Details for 506 Old South Head Rd, Rose Bay

Building Type
Commercial
Floor Size
234m2
Land Size
228m2

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About Rose Bay 2029

The size of Rose Bay is approximately 2.5 square kilometres. It has 15 parks covering nearly 35.5% of total area. The population of Rose Bay in 2011 was 9,401 people. By 2016 the population was 10,027 showing a population growth of 6.7% in the area during that time. The predominant age group in Rose Bay is 30-39 years. Households in Rose Bay are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Rose Bay work in a professional occupation. In 2011, 54.9% of the homes in Rose Bay were owner-occupied compared with 52.8% in 2016.

Rose Bay has 6,040 properties. Over the last 5 years, Houses in Rose Bay have seen a 81.71% increase in median value, while Units have seen a 41.70% increase. As at 31 August 2024:

  • The median value for Houses in Rose Bay is $6,544,301 while the median value for Units is $1,634,289.
  • Houses have a median rent of $1,600 while Units have a median rent of $900.
There are currently 35 properties listed for sale, and 17 properties listed for rent in Rose bay on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Rose bay.

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Zorick Toltsan
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Will Gerstl
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