Rose Bay 595 New South Head Road

Entire block of nine apartments to be sold in one line - prime investment on approx. 607sqm land in prestigious harbourside location

A rare opportunity in a blue-chip harbourside position opposite Rose Bay Marina and splendour of Sydney Harbour on the picturesque Rose Bay foreshore, this classic building of nine apartments presents a substantial income-generating asset with outstanding potential.

Perfectly situated with prized NE aspect on approx. 607sqm land and offered for the first time in over 35 years, the property comprises 7 x three-bedroom apartments and 2 x two-bedroom apartments with four garages and off-street driveway parking for four more cars. The apartments are fully leased with scope to improve the existing income, while the top floor's two front apartments enjoy breathtaking harbour views from Rose Bay to Manly.

Investors will be highly impressed by the generous size of the nine apartments that are generating immediate cashflow, while also offering exceptional future possibilities to capitalise in a prime eastern suburbs location of strong rental demand with buses at the door and 800m to Rose Bay ferry wharf.
Property highlights:

7 X three-bedroom & 2 X two-bedroom apartments to be sold in one lineSydney Harbour views from two front apartments on the top floorGenerous proportions, high ceilings, timber floors, classic featuresFour garages and off-street driveway parking for four more carsPotential to further update apartments and increase rental yieldCharacter brick building on approx. 607sqm long held by one familyHarbourside location opposite Rose Bay Marina & The BoathouseWalk to cafes, Lyne Park, Catalina restaurant & Rose Bay ferry wharfBuses at door, minutes to Rose Bay & Double Bay shopping villages
In conjunction with
1st City Double Bay
Julian Hasemer 0412 207 206