Ramsgate 257 Rocky Point Road

Invest, Occupy or Develop

PRIME COMMERCIAL INVESTMENT & DEVELOPMENT OPPORTUNITY

Take Advantage Of The Secure Income + Future Potential!

An exceptional opportunity to acquire a well-positioned commercial asset with the rare combination of a holding income and DA approval for a brand-new office development.

Current Income – Fully tenanted with established occupiers, providing secure rental returns from day one. Currently the property is divided up into 3 tenancies including 7 commercial office suites with breakout area and kitchen, and a residential 3 bedroom apartment with seperate lounge an dining area.

DA Approval – Approved plans in place for a 365.9sqm modern, architect-designed office building with 4 car garage, unlocking significant future value.

Development Upside – Potential to further enhance the site (STCA) to suit a range of commercial or mixed-use outcomes.

Prime Location – Situated in a high-exposure position with excellent access to transport, retail, and business hubs.

Property Particulars

LOT 5

DP 21753

COUNCIL Georges River Council

LAND SIZE 436.3sqm

ZONING E1 Local Centre

PERMITTED USES WITH CONSENT

Amusement centres; Boarding houses; Centre-based child care facilities;
Commercial premises; Community facilities; Entertainment facilities; Function
centres; Hotel or motel accommodation; Information and education facilities;
Local distribution premises; Medical centres; Oyster aquaculture; Places of
public worship; Public administration buildings; Recreation facilities (indoor);
Respite day care centres; Service stations; Serviced apartments; Shop top
housing; Tank-based aquaculture; Veterinary hospitals;

FLOOR SPACE RATIO 2.5:1

PERMISSIBLE HEIGHT 21 metres

CURRENT LEASES
1a & 1b Torwood Street, Sans Souci $47,677.44 Inc GST PA
(ongoing, no fixed term)

257 Rocky Point Road $26,000 PA
(ongoing, no fixed term)

Total income $76,677.44 PA

OUTGOINGS Council Rates: $975.60 per qtr
Water Rates: $462.57 (Fixed charges) per qtr
$341.76 (usage) per qtr approx

CURRENT DEVELOPMENT APPROVAL
Commercial Office

Internal Area's
Ground floor (Including 4 car garage) = 182.3m²
First Floor = 183.6m²

External Area's
Ground floor (Including driveway & porch etc) = 221.3m²
First floor external area = 11.5m²

Development Application PAN-56537
Development Approval # 2020/0561 (Approved 13/07/21)

Don't miss this rare and unique opportunity in this BLUE CHIP location!