FOR SALE
Sale Price Unavailable

518 Old South Head Road
Rose Bay NSW 2029

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 180m2
Land area: 304m2
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DA Approved Mixed Use Development Opportunity

Ray White Commercial Eastern Suburbs is pleased to present 518 Old South Head Rd, Rose Bay for sale by Private Treaty.
This property presents an incredible opportunity to acquire a freehold property with DA approval to redevelop into a brand new mixed use building.
Property Highlights:
- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities.
- Incredibly opportunity awaits for developers, investors + / or future owner occupiers.
- DA approved for 3 x 2 bed units, 2 ground floor commercial tenancies + 4 car spaces.
- Currently configured as a ground floor office + 3 bed unit with separate access.
- Dual access with parking up to 6 cars via rear lane.
- 3 year lease in place at $200,000 net per annum + GST, tenant pays all statutory outgoings
- Close to Harris Farm, Bunnings, upcoming Woolworths development, Chemist Warehouse, local cafes, shops, gyms + schools.
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Property Details for 518 Old South Head Rd, Rose Bay

Building Type
Commercial
Floor Size
180m2
Land Size
304m2

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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 5,985 properties. Over the last 5 years, Houses in Rose Bay have seen a 46.19% increase in median value, while Units have seen a 40.84% increase. As at 30 September 2024:

  • The median value for Houses in Rose Bay is $6,381,010 while the median value for Units is $1,653,228.
  • Houses have a median rent of $1,575 while Units have a median rent of $900.
There are currently 32 properties listed for sale, and 12 properties listed for rent in Rose bay on OnTheHouse. According to CoreLogic's data, 227 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.