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Rose Bay 746 New South Head Road

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Absolute Harbourfront Entire Block Of 6 Apartments Offered In One Line

Sold Confidential

Up close and personal with Sydney Harbour, this waterfront classic block of 6 x 2-bedroom apartments offers a world-class investment opportunity for developers, investors and home+income seekers. One of the most under-capitalised private land-holdings with coveted direct level access to a sandy beach and iconic Sydney Harbour, this unrenovated property offers extraordinary possibilities with unique capital growth potential. Featuring an ideal north-west aspect with spectacular City/Bridge/Harbour views, this battle-axe block of prized level land (approx 923sqm) is set well back and quietly hidden from the buzz and lifestyle of fashionable Rose Bay shopping village.

Incomparable in all that it offers, harbourfront Rose Court is a blue-chip investment to hold, renovate or redevelop (subject to council approval)Capitalise on approx 12 metre wide frontage to the beach and harbourNever to be built out views of shimmering water, yacht races, NYE fireworks Apartments 1, 2, 3 and 4 have similar layouts and shared main lobbyAll 4 apartments are in comfortable condition, updated over the yearsEach offers 2 spacious bedrooms, built-ins, bathroom, dining/kitchenSpacious living room, separate study/sunroom (Apt.3 with balcony)Each apartment has high ceilings, timber floors, classic period detailsApartments 5 & 6 are more modernised and share a separate lobbyAll 6 apartments enjoy access to waterfront large sunny level garden2 lockup garages, 5 additional parking spaces, plus a shared laundryClose to the east's finest shopping, dining, schools, golf courses, marinas
The building is NOT strata title. The current rental income is estimated at $700-$800 perweek per unit. The land is zoned 2A Residential, so any re-development for more than a single dwelling would have to consult Woollahra Council regarding existing use rights.

In conjunction with House 18 World Square, Brian McMillan 0488 555 655 - brianmcmillan88@house18.com.au & Sally Taylor - 0411 216 462 - sallytaylor@house18.com.au