-Rare 2,037 sqm parcel in the central business hub of Sydney's Eastern Suburbs

-Bordering bustling Village and zoned R3, this property presents lucrative development prospects for boutique apartments or terraces

-Spectacular Harbour Views


Strategically located on the outskirts of the vibrant Village, this exceptional commercial prospect spans a total of 2,037 sqms. Comprising two adjacent properties situated at 10-12 Ian Street in Rose Bay, each with independent titles, they are advantageously positioned on the elevated side of Ian Street.

Tightly held since the 1960s, acquiring these prime properties (Zoned R3 Medium Density) offers investors and developers a rare opportunity. Whether your development vision is for boutique apartments/terraces, or designed trophy homes, this positioning offers excellent opportunity for financial rewards.
Featuring:
- Short walk to Rose Bay village shops, cafes, restaurants, beaches, tennis courts, golf clubs & boating facilities
- Number 10, boasting an approximate land size of 680 sqm, incurs an annual council rate of $3,004, along with water rates amounting to $1,174. Additionally, its estimated land tax for 2024 is projected to be $49,886.
- Number 12, with an expansive land size of approximately 1,357 sqm, is subject to council rates of $4,548, water rates totalling $1,522, and an anticipated land tax of $117,780.
- The properties offer superb views of Sydney Harbour and Rose Bay
- Effortless access to bus and ferry services to the CBD
- Central to Rose Bay Public School, elite schools including Kambala & Kincoppal