358 Rocky Point RoadRamsgate NSW 2217
Property Details for 358 Rocky Point Rd, Ramsgate
Last Listing description (February 2022)
CPG are pleased to present for sale via public auction, the opportunity to secure an economical freehold investment with a long standing tenant and future development upside.
Situated in the heart of Ramsgate's retail strip amongst other notable destinations such as the Intersection Tavern, The Good Filo and Anytime fitness, this property is in prime position to capitalise on Ramsgate's growing retail and residential presence and is within the same vicinity of 2 new residential unit developments and a proposed development for residential towers, major shopping precinct and supermarket.
Features Include:
- Freehold property with mixed use zoning
- Value add opportunity
- Exposure to Rocky Point Road
- Long standing tenant of 39 years
- Land area of 222m*
- Building area of 110m*
- Secure onsite parking for 3 cars
- Rear lane access
- Development potential (STCA)
- Floor space ratio 2:1
- 16m maximum building height
- Agent's interest
For further information on this exciting offering, please contact exclusive sales agents Damen Astey on 0431 817 616 or Ryan McMahon on 0429 228 460.
Open for Inspection:
Tuesdays from 11:30am to 12:00pm
Auction:
Wednesday 9th March 2022
On-Site at 11:30am
*Approximate
Property History for 358 Rocky Point Rd, Ramsgate, NSW 2217
- 18 Feb 2022Sold for $1,300,000
- 04 Feb 2022Listed for Sale Auction: Wednesday 9th March 2022
- 16 Oct 2020Sold for $600,000
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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 852 properties. Over the last 5 years, Houses in Ramsgate have seen a 69.39% increase in median value, while Units have seen a 28.39% increase. As at 31 October 2024:
- The median value for Houses in Ramsgate is $2,062,485 while the median value for Units is $870,280.
- Houses have a median rent of $800 while Units have a median rent of $650.
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