OFF MARKET

1/191-201 Ramsgate Road
Ramsgate Beach NSW 2217

Bedrooms: 4
Bathrooms: 4
Car spaces: -
Land area: 3161m2
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Property Details for 1/191-201 Ramsgate Rd, Ramsgate Beach

1/191-201 Ramsgate Rd, Ramsgate Beach is a 4 bedroom, 4 bathroom Unit. The property has a land size of 3161m2. While the property is not currently for sale or for rent, it was last sold in July 2014.

Building Type
Unit
Land Size
3161m2
Local Government
Bayside
Lot/Plan
31/SP87989

Last Listing description (July 2013)

ATTENTION INVESTORS
Presenting a fantastic opportunity for an astute investor this fantastic commercial space comprises of established businesses, situated on Levels 1 and 2 of this commercial building and is perfectly positioned on the corner of busy Ramsgate Road and Alfred Street and presents a prime opportunity to invest in Ramsgate Beach core precinct.
> Presently tenanted by esteemed professional businesses, including Peak Fitness, Curves, Bay Physio and Devine Tanning

> Excellent rental returns - Gross total rental income $261,000 (approx)
> Total Gross Outgoings $35,000 (approx)
> Total area 738sqm over two levels
> Highly visible, surrounded by thriving business entities
> Extensive commuter parking, shopping and cafes
> Great potential to subdivide and strata title each level
> Other features include air conditioning, elevator and communal toilets (including disabled)
> Blue ribbon location and located approximately 50 metres from Ramsgate Beach
> Most tenancies with long term leases in place
> Full Summary Report available upon request

Property History for 1/191-201 Ramsgate Rd, Ramsgate Beach, NSW 2217

A timeline of how this property has performed in the market
Last Sold
$550,000
02 Jul 2014
  • 02 Jul 2014
    Sold for $550,000
  • 09 May 2012
    Listed for Sale $2,800,000
  • 15 Feb 2011
    Listed for Sale Not Disclosed
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About Ramsgate Beach 2217

The size of Ramsgate Beach is approximately 0.4 square kilometres. It has 5 parks covering nearly 15% of total area. The population of Ramsgate Beach in 2011 was 1,462 people. By 2016 the population was 1,663 showing a population growth of 13.7% in the area during that time. The predominant age group in Ramsgate Beach is 40-49 years. Households in Ramsgate Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ramsgate Beach work in a professional occupation. In 2011, 63.1% of the homes in Ramsgate Beach were owner-occupied compared with 62.1% in 2016.

Ramsgate Beach has 1,315 properties. Over the last 5 years, Houses in Ramsgate Beach have seen a 61.98% increase in median value, while Units have seen a 33.65% increase. As at 31 October 2024:

  • The median value for Houses in Ramsgate Beach is $2,290,049 while the median value for Units is $933,115.
  • Houses have a median rent of $875 while Units have a median rent of $680.
There are currently 6 properties listed for sale, and 8 properties listed for rent in Ramsgate beach on OnTheHouse. According to CoreLogic's data, 55 properties were sold in the past 12 months in Ramsgate beach.

Suburb Insights for Ramsgate Beach 2217

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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.