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Tenanted Investment with Development Upside

246-248 Rocky Point Road, RAMSGATE NSW, 2217

For Sale

Property for Sale in 246-248 Rocky Point Road, RAMSGATE NSW, 2217

Commercial Property Group - Southern Sydney

239 Rocky Point Road, Ramsgate, NSW 2217

Listing ID:
11375817
Status:
Active
For:
Sale
Price:
Contact Agent
Last Updated:
20/05/2020
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Property Type

Land/Development/Retail/Offices
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Land Area

443 SQM
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Floor Area

443 SQM
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Parking

2

Tenanted Investment with Development Upside

Located within the core of Ramsgate’s retail strip is this long time occupied freehold commercial/residential building with 2 shops and 2 residential units.

This opportunity is ideal for the astute investor looking for a multi-tenanted investment with development upside.

Features Include:
• 2 separate shops
• 2 residential units, 1x 2 bed and 1x 1 bed
• Undercover parking via side driveway
• Rental income of $78,598.08 pa Gross + GST*
• Long-standing tenants
• Zoned B4 – Mixed Use
• Floor space ratio of 2:1
• Value add opportunity
• Moments from The Intersection Tavern, Ramsgate Beach and opposite proposed development for residential towers and major shopping precinct and supermarket

Conceptual plans for a commercial redevelopment are also available upon request. This property is also suited an eventual owner-occupier looking to build their vision.

Contact Hayden Bennett on 0477 665 455 or Greg Carr on 0477 880 576 for more information or to arrange an inspection today!

*Approximate

For more details, please email agent

Commercial Property Group - Southern Sydney

239 Rocky Point Road, Ramsgate, NSW 2217


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