Ray White Double Bay + Ray White Commercial Eastern Suburbs are pleased to present to market 665 Old South Head Rd, Rose Bay Property Highlights: - Located in the heart of Rose Bay Shopping Village, less than 10kms from Sydney's CBD. - First time offered in 70 years, a generational opportunity awaits for developers, investors + / or future owner occupiers. - Undercapitalised freehold building with significant potential to add value - Incredible opportunity to develop a 4 level mixed use residential apartment & retail complex^ - Comprises of 2 x retail shops, 2 x offices + seperate 3 bedroom residence with dual access. - Estimated fully leased income of $160,000 per annum with scope for rental uplift. - Offers rear lane access with lockup garage + additional onsite parking for 2 cars. - Situated close to Coles, Australia Post, Bunnings, Harris Farm, local cafes, gyms + schools - Bus services on the property's doorstep offers access to transport links to Bondi Junction, Sydney CBD + surrounding amenities. Development Highlights: - Site Area: 430m2* - Existing Building Area: 352m2* - Potential Building Area: 645m2^ - 1.5:1 FSR / Height Limit 13m - Flexible E1 Local Centre Zoning allowing for both residential / commercial uses^ * Approx ^ Subject to Council Approval Inspection Times: By Appointment Only Zorick Toltsan | RWC - Eastern Suburbs Daniel Ungar | Ray White Double Bay