595 New South Head Road Rose Bay NSW 2029

A rare opportunity in a blue-chip harbourside position opposite Rose Bay Marina and the 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 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 line
+ Sydney Harbour views from two front apartments on the top floor
+ Generous proportions, high ceilings, timber floors, classic features
+ Four garages and off-street driveway parking for four more cars
+ Potential to further update apartments and increase rental yield
+ Character brick building on approx. 607sqm long held by one family
+ Harbourside location opposite Rose Bay Marina & The Boathouse
+ Walk to cafes, Lyne Park, Catalina restaurant & Rose Bay ferry wharf
+ Buses at door, minutes to Rose Bay & Double Bay shopping villages

*Please note building size is approximate

In conjunction with
Michael Pallier 0417 371 522
Sydney Sotheby's International Realty