OFF MARKET

243 Rocky Point Road
Ramsgate NSW 2217

Bedrooms: -
Bathrooms: -
Car spaces: 6
Land area: 303m2
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Property Details for 243 Rocky Point Rd, Ramsgate

Building Type
Commercial
Land Size
303m2
Local Government
Georges River
Lot/Plan
150/DP588737

Last Listing description (March 2019)

Located within the core of Ramsgate's retail strip is this long time occupied freehold commercial/retail shop providing rear lane access and parking.
Featuring:
* Land area of 301m

* Building area of 131m
* Zoned B2 - Local Centre
* Long term tenant
* Current annual rental of $57,165.96 pa + GST
* Future development potential (Subject to Council Approval)
* Off-street parking at rear
* Floor space ratio of 2.5:1
* 21m maximum building height
* Rear lane access
* Conveniently located abutting to Council car park
* Moments from The Intersection Tavern, Westpac Bank & Commonwealth Bank, along with cafes and many our specialty stores and services
Retail property along Rocky Point Road, in particular freehold, is tightly held. This property is ideal for an investment with upside for either redevelopment, amalgamation or refurbishment for the next owner-occupier or tenants alike.
Contact Damen Astey on 0431 817 616 or Ryan McMahon on 0429 228 460 for more information today!
Open for Inspection:
1 to 1:30pm Thursday's
21st & 28th February & 7th, 14th & 21st March 2019
Auction:
6pm Tuesday 26th March 2019
Doltone House
223 Belgrave Esplanade
Sylvania Waters NSW 2224
*Agent's interest

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Property History for 243 Rocky Point Rd, Ramsgate, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$1,270,000
26 Mar 2016
  • 15 Feb 2019
    Listed for Sale Auction: 26th March 2019
  • 26 Mar 2016
    Sold for $1,270,000
  • 12 Dec 2013
    Sold for $815,000
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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 5 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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