FOR SALE
For Sale $7,500,000

31-33 Ocean Street
Woollahra NSW 2025

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 186m2
Land area: 314m2
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A Landmark Woollahra Corner Building with DA Approved Development Upside

A landmark property of this pedigree, that harmoniously fuses historic allure with contemporary development potential rarely comes to the marketplace.
Perfectly poised on a corner with frontages to both Ocean and Queen Streets, Parterre is an iconic Eastern suburbs landmark. Not only is it a shopping destination for antiquarians in the know, its leafy café, tucked away at the rear is perpetually abuzz with well-heeled locals.
Whether you choose to utilise the property as is, or expand to include the luxurious, contemporary home with parking at the rear - this opportunity offers a multitude of options to live, work and invest in an iconic Woollahra locale.
31-33 Ocean Street, Woollahra is set on 314 sqm of prized Woollahra land, benefiting from Low Density Residential Zoning with Commercial use rights.
Having been the home of Parterre for almost 40 years, this is truly a rare opportunity to acquire one of Woollahra's most prominent corner freehold buildings, with the benefit of DA Approved plans for a residence at the rear. Making the opportunity a perfect proposition for the investor, owner occupier or developer.
Ray White Woollahra /Paddington's Randall Kemp and Ben Vaughan are delighted to bring this stunning property to the market, for the first time in nearly four decades. For more details or to arrange a private inspection, please do not hesitate to contact us.
Randall Kemp 0415 818 966
Ben Vaughan 0419 655 519
Inspection by appointment.

Property Details for 31-33 Ocean St, Woollahra

Building Type
Commercial
Floor Size
186m2
Land Size
314m2

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About Woollahra 2025

The size of Woollahra is approximately 1.3 square kilometres. It has 12 parks covering nearly 10.4% of total area. The population of Woollahra in 2011 was 7,180 people. By 2016 the population was 7,387 showing a population growth of 2.9% in the area during that time. The predominant age group in Woollahra is 30-39 years. Households in Woollahra are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Woollahra work in a professional occupation. In 2011, 57.4% of the homes in Woollahra were owner-occupied compared with 58.2% in 2016.

Woollahra has 4,518 properties. Over the last 5 years, Houses in Woollahra have seen a 60.30% increase in median value, while Units have seen a 19.89% increase. As at 31 October 2024:

  • The median value for Houses in Woollahra is $4,778,209 while the median value for Units is $1,500,995.
  • Houses have a median rent of $1,600 while Units have a median rent of $850.
There are currently 18 properties listed for sale, and 13 properties listed for rent in Woollahra on OnTheHouse. According to CoreLogic's data, 177 properties were sold in the past 12 months in Woollahra.

Suburb Insights for Woollahra 2025

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Contact agent
Randall Kemp
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Ben Vaughan
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Ray White The Woollahra Group - Woollahra
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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.