RAW RESIDENTIAL DEVELOPMENT SITE – OUTSTANDING DEVELOPMENT OPPORTUNITY IN ROSE BAY (S.T.C.A.)

Development overview:

• Combined land area – 982m2
• Zoned R3 Medium density residential (Woollahra Municipal Council)
• Floor space ratio – 1:1
• Height limit – 10.5 metres
• Minimum lot size – 700m2

Property overviews:

1&2/598 Old South Head Road, Rose Bay

• 2 Strata titled, circa 1978, 3 level town houses
• Both accommodate, 3 bedrooms, 2 bathrooms and 2 parking
• Situated on approximately 682m2 of land
• 2 currently let at $1,100 per week and 1 has potential to rent at the same weekly rental

600 Old South Head Road, Rose Bay

• Free standing 2 level Torrens title home, 300sqm of land
• 3 Spacious bedrooms, 2 bathrooms and lock-up garage
• Situated on 300m2 and currently let at $1,300 per week

With a combined land size of 982sqm and valuable 30 metre (approx.) wide frontage, this is an ideal opportunity to secure a rare & exciting boutique development opportunity in the Eastern Suburbs (STCA).

The properties are situated in close proximity to Old South Head Road & New South Head Road shops & eateries as well as major supermarkets Coles, IGA & Woolworths. Short distance to Rose Bay harbour foreshore and Rose Bay Wharf.