506 Old South Head RoadRose Bay NSW 2029
Property Details for 506 Old South Head Rd, Rose Bay
Last Listing description (March 2025)
Ray White Commercial Eastern Suburbs is pleased to present 506 Old South Head Rd, Rose Bay to market for sale via Private Treaty.
Positioned in one of Eastern Suburb's most tightly held retail precincts, this mixed use commercial property is being offered to the market for the first time in 40 years.
Property Highlights:
- Located in one of Rose Bay's major retail / commercial / residential hubs, close to local amenities
- Surrounded by national tenants + major supermarkets including Woolworths, Harris Farm, Chemist Warehouse, Bunnings as well as local cafes, bakeries, restaurants, schools + gyms.
- First time offered in 40 years, a generational opportunity awaits for investors, future owner occupiers + developers.
- The property comprises a ground floor retail premises + separate large 2 bedroom residence with access via Dover Lane.
- Well maintained building with scope to add value, reposition + increase existing building area^
- The property provides convenient public transport options, with buses connecting to Bondi Junction + Sydney CBD, as well as Sydney Ferry services within walking distance connecting to Circular Quay, Manly, and Taronga Zoo.
Investment Highlights:
- Ground floor leased to "Centennial Dry Cleaners", returning $10,000 per month inc GST (approx, lease expires March 31st, 2025)
- Separately leased 2 bed + 2 bath residence, returning $3,900 per month (approx, lease expires April 19th, 2025)
- Each tenant provided with 1 car space at the rear via Dover Lane
Planning Controls (Woollahra LEP 2014)
- Site Area: 227.6m2 *
- Existing Building Area: 234m2*
- FSR 1.5:1 | Height Limit 14.5m (Woollahra LEP 2014)
- Potential Building Area: 341.4m2^
- Versatile MU1 Mixed Use Zoning allowing for both residential / commercial uses
* Approx.
^ Subject to Council Approval
Property History for 506 Old South Head Rd, Rose Bay, NSW 2029
- 03 Jun 2025Sold for $3,100,000
- 30 Sep 2024Listed for Sale Price on Application
- 09 Sep 2019Listed for Rent - Price not available
Recent sales nearby
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About Rose Bay 2029
The size of Rose Bay is approximately 2.5 square kilometres. There are 15 parks, covering nearly 35.5% of the total area. The population of Rose Bay in 2016 was 10053 people. By 2021 the population was 9911 showing a population decline of 1.4% in the area during that time. The predominant age group in Rose Bay is 30-39 years. Households in Rose Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Rose Bay work in a professional occupation.In 2021, 53.80% of the homes in Rose Bay were owner-occupied compared with 52.80% in 2016.
Rose Bay has 6,119 properties. Over the last 5 years, Houses in Rose Bay have seen a 21.50% increase in median value, while Units have seen a 8.26% increase. As at 30 June 2026:
- The median value for Houses in Rose Bay is $6,985,594 while the median value for Units is $1,672,075.
- Houses have a median rent of $2,375 while Units have a median rent of $975.
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