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485 Princes Highway Rockdale
Rockdale NSW 2216
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485 Princes Highway Rockdale Rockdale NSW 2216

  • Development / Land
  • 267 m²
  • Commercial Auction

Prime Freehold Opportunity in the Heart of Rockdale

  • E1 Local Centre | 2.5:1 FSR | 27m HOB
  • Located within NSW TOD Program
  • Occupy, Invest, Reposition

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 Pacific 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 will be sold via Public Auction on Tuesday 3rd December at auctionWORKS - 50 Margaret Street, Sydney from 10:30am (AEDT)

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

Approximate*

Auction date and time03/12/2024 10:30
Auction locationAuctionWORKS
CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Floor Area501 m²
Land Area267 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019615409
Category
Last updated  7 Nov 2024
Map for 485 Princes Highway Rockdale Rockdale NSW 2216

Nearest transport* to 485 Princes Highway Rockdale Rockdale NSW 2216

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CBRE Sydney
CBRE Sydney
Level 21/363 George St
Sydney, NSW 2000

Property Highlights

Floor Area501 m²
Land Area267 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019615409
Category
Last updated  7 Nov 2024

More about 485 Princes Highway Rockdale Rockdale NSW 2216

485 Princes Highway Rockdale Rockdale NSW 2216 is categorized as Land & Development Property. It has a floor area of 501 m² and a land area of 267 m². The listing ID for this property is 2019615409.

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