FOR SALE
Sale Price Unavailable

516 - 518 Old South Head Road
Rose Bay NSW 2029

Bedrooms: -
Bathrooms: -
Car spaces: 7
Floor area: 380m2
Land area: 582m2
Auction Time
Tue 3 Dec 10:30 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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Eastern Suburbs Mixed Use Development Site

Ray White Commercial Eastern Suburbs + Hart Estate Agents are pleased to offer 516 + 518 Old South Head Rd, Rose Bay, for sale by Public Auction.
Rare once in a lifetime opportunity to secure two mixed use freeholds in one line in of Sydney's most prestigious + affluent suburbs with significant development potential.
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
- Favourable planning controls in versatile MU1 Mixed Use Zoning
- 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.
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Property Details for 516 - 518 Old South Head Rd, Rose Bay

Building Type
Commercial
Floor Size
380m2
Land Size
582m2

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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 5,989 properties. Over the last 5 years, Houses in Rose Bay have seen a 59.95% increase in median value, while Units have seen a 35.66% increase. As at 31 October 2024:

  • The median value for Houses in Rose Bay is $6,375,457 while the median value for Units is $1,628,446.
  • Houses have a median rent of $1,500 while Units have a median rent of $900.
There are currently 38 properties listed for sale, and 10 properties listed for rent in Rose bay on OnTheHouse. According to CoreLogic's data, 225 properties were sold in the past 12 months in Rose bay.

Suburb Insights for Rose Bay 2029

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Zorick Toltsan
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RWC Eastern Suburbs
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.