516 - 518 Old South Head Rd,, Rose Bay, NSW 2029

Ray White Commercial Eastern Suburbs + Hart Estate Agents are pleased to offer 516 + 518 Old South Head Rd, Rose Bay, for sale by Public Auction.

Rare once in a lifetime opportunity to secure two mixed use freeholds in one line in of Sydney's most prestigious + affluent suburbs with significant development potential.

516 + 518 Old South Head Rd comprises 2 retail tenancies, 3 residential units and rear lane access to onsite parking via Dover Lane, this opportunity is one not to be missed.

Key Highlights:

- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities.
- Combined Site Area: 582m2* with a 15m frontage* to Old South Head Rd.
- Mix of 1 x 3 bedroom, 1 x 2 bedroom + 1 x 1 bedroom plus 2 retail tenancies
- Favourable planning controls in versatile MU1 Mixed Use Zoning
- Annual Income: $280,000 per annum* with flexible leases + demolition clauses in place
- Close to Harris Farm, Bunnings, upcoming Woolworths development, Chemist Warehouse, local cafes, shops, gyms + schools.
- Bus services on the property's doorstep offer access to transport links to Bondi Junction, Sydney CBD + surrounding amenities.

Planning Controls (Woollahra LEP 2014):

- Site Area: 582m2*
- FSR 1.5:1 | Height Limit 14.5m
- Permissible Gross Floor Area: 873m2^ (subject to council approval)
- MU1 Mixed Use Zoning  

* Approx

The Auction will be held on Tuesday, 3rd December 2024 at 5pm (AEDT) at the Homely Auction House located on Level 1, 29-33 Bay St, Double Bay.

For further details, please contact the exclusive selling agents on details below.