Ray White Commercial Eastern Suburbs is pleased to present 518 Old South Head Rd, Rose Bay for sale by Private Treaty.

This property presents an incredible opportunity to acquire a freehold property with DA approval to redevelop into a brand new mixed use building.

Property Highlights:

- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities.
- Incredibly opportunity awaits for developers, investors + / or future owner occupiers.
- DA approved for 3 x 2 bed units, 2 ground floor commercial tenancies + 4 car spaces.
- Currently configured as a ground floor office + 3 bed unit with separate access.
- Dual access with parking up to 6 cars via rear lane.
- 3 year lease in place at $200,000 net per annum + GST, tenant pays all statutory outgoings
- 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.

Development Highlights (Woollahra LEP 2014)

- Land Size: 304m2 (approx.)
- FSR: 1.5:1 / Height Limit: 13m
- MU1 Mixed Use Zoning
- Existing GFA: 180m2 (approx.)
- Approved GFA: 457m2 (approx.)