485 Princes Highway Rockdale Rockdale NSW 2216

Offered to the market for the first time, CBRE as the exclusive sales agent, is pleased to present 485 Princes Highway, Rockdale to the market. An exceptionally rare opportunity to purchase a freehold land parcel in the heart of Rockdale with significant development upside (STCA).

The property is currently improved with a ground floor retail shop and a licensed brothel on the upper level. As the world's oldest profession, the property is one of three* sex services premises which has a licence by council to operate in Rockdale.

485 Princes Highway also features fantastic development potential under NSW TOD Program and favourable planning controls allowing for a mixed use redevelopment (STCA).

485 Princes Highway, Rockdale benefits from the following key attributes;
- Mixed use two-storey freehold comprising G/F retail & licenced brothel above. To be sold in-one-line
- Situated in the heart of Rockdale Town Centre on a 267sqm* land parcel and 501sqm* of internal area
- $174,776.21* gross passing income per annum with significant rental reversion opportunity
- E1 Local Centre, 2.5:1 FSR & 27m height of building limit allowing for future repositioning opportunities
- Dual frontage providing significant traffic & signage exposure. Plentiful council parking located on Geeves Avenue & Pitt Street
- Positioned along Greeves Avenue only meters away from Rockdale Train Station and bus stops
- Set to benefit from NSW Government's Transport Oriented Development Program
- Occupy, Invest, Reposition

485 Princes Highway, Rockdale is offered for sale via Expression of Interest
closing on 12 December, 2024 at 12pm (AEDT)

For more information or to request access to the due diligence room, please contact the exclusive sales agent.

Approximate*