CBRE as exclusive sale agents is pleased to present 209 Ramsgate Road, Ramsgate Beach to the market. The property represents an exciting opportunity to acquire a trophy mixed use investment with future development upside (STCA) in the tightly held South Sydney market.
209 Ramsgate Road, Ramsgate Beach benefits from the following key attributes:
- Offered for the first time in 30 years.
- Comprises one large ground floor retail suite with medical centre fit out, which has been employed as a medical practice for 22 years, in addition to five (5) office spaces on level one (1).
- Adaptable ground floor space which can be utilised for multiple purposes such as a multi-functional medical centre, gym, restaurant, etc.
- Currently generating a gross annual income of $71,394.77*,
with significant market rental reversion opportunity of $371,250*.
- The MU1 Mixed Use zoning, 20m height of building and 2:1 floor space ratio permits a mixed-used development opportunity (STCA).
- A short 150m* walk to the popular and beautiful Ramsgate Beach.
- Fortuitously positioned along Ramsgate Road and adjacent to Ramsgate Beach Plaza shopping mall, providing outstanding signage exposure.
- Accompanied with the convenience of an abundance of public parking in front, and the surrounding area, of the property.
- Centrally positioned to a wealth of lifestyle focussed amenity including Ramsgate RSL Memorial Club, St Georges Leagues Club, Cook Park, and reputable schools.
- Bus services on the property's doorstep allow for ease of access to Sydney CBD, Sydney Airport and surrounding areas.
- Set to benefit from the $78 million hotel development, planned for the Coles Ramsgate site.
- The Grand Parade provides excellent access to Sydney CBD and Sydney Airport when traveling by car.
209 Ramsgate Road, Ramsgate Beach will be sold via Public Auction on Tuesday 24th October 2023 at 10:30 am at auctionWORKS.
Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx
