INVESTMENT OPPORTUNITY WITH HUGE DEVELOPMENT POTENTIAL

RWC Eastern Suburbs as exclusive selling Agents are delighted to present this prime freehold asset located at 706 New South Head Road, Rose Bay.

Positioned in one of the Eastern Suburb's most tightly held retail precincts, this commercial property is an astute opportunity to purchase a substantial freestanding commercial building in the heart of Rose Bay with excellent future development potential.

This two level freehold building has an expansive 6.3m* frontage to New South Head Road, complete with rear lane access to Collins Avenue and parking for up to three cars on a stacked basis. The property enjoys a generous E1 Local Centre Zoning with a 14.1 metre height limit on a 202 sqm* parcel of land.

Well positioned in the centre of Rose Bay's retail hub and within walking distance to bars, cafes, restaurants, two major supermarkets, as well as specialty stores, niche retailers, financial institutions, professional services and medical specialists.

The current tenant is on holdover with a Gross Income of $95,481 per annum + GST*

This fantastic opportunity boasts a great investment opportunity with potential for development upside (STCA).

Property Highlights:

Net Lettable Area: 194 sqm*
Land Area: 202 sqm*
Parking for up to 3 cars on a stacked basis
Rear Lane Access to Collins Avenue
Gross Income of $95,481 per annum + GST*
*all figures are approximate

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