1a Wolseley Road, Point Piper
BLUE CHIP INVESTMENT - VERSATILE BLOCK OF 3 APARTMENTS ABOUNDING WITH CHARACTER + 3 LOCK UP GARAGES - DA APPROVED PLANS OFFER EXCITING POSSIBILITIES
'Rathdowne' - Presently a character block of three, comprising two substantial three bedroom Strata apartments, an 80 sqm garden apartment and 3 lock-up garages. Fully tenanted on expired leases showing GAR $135,516, with scope for improvement. DA approved plans from Woollahra Council provide for conversion into 2 luxury double-storey residences of 230 & 250 square metres, one of which would enjoy a lovely outlook towards Rose Bay plus 4 lock up garages. Located in Sydney ?s most prestigious residential enclave, close to harbourside beaches, Rose Bay Marina, transport, and just an easy stroll to both Double Bay and Rose Bay villages. Perfect for an investor seeking return and capital growth, a family seeking 3 residences or a developer wishing to capitalise on the approved plans.
Grand duplex with separate one bedroom garden apartmentIdeal for redevelopment or a superb Blue chip investmentCurrently 3 oversized character units +3 lock-up garagesEach has own entrance, period features & Kauri flooringMarble bathrooms, working fireplaces, large courtyardsAll tenanted - GAR $135,516 with scope to increaseDA approved plans by award-winning architects archer+wrightInnovative plans for two luxury two-storey apartments + 4 lock up garagesNear harbour parks & beaches, private schools and transportA privileged harbourside location. Land 556 sqm (approx)Wide frontage to Wolseley RoadA rare opportunity - great for the Super fund
First inspection: Saturday 25 July 11.30-12.15pm
Co-Agent: Savills - Adam Ross 0409 663 051
RENT SCHEDULE & INCOME (ALL EXPIRED LEASES)
Unit 1 $53,652 pa
Unit 2 $50,256 pa
Unit 3 $28,596 pa
Garages $3,012 pa
Annual Income $135,516
OUTGOINGS
Water Rates $1,368p.a.
Council Rates $3,233 p.a.
Property Information
- Land area approx 556sqm
Point Piper
Comprising just 10 streets of which six are tiny cul-de-sacs, diminutive Point Piper is an ultra-exclusive peninsula jutting northward into Sydney Harbour between Double Bay and Rose Bay, 4.5km from the CBD.
Renowned as one of Australia's premier addresses, this internationally renowned enclave is lined with multi-million dollar waterfront mansions set on some of the most expensive real estate per square metre in the world.
While most of its harbourfront is devoted to the private playgrounds of the rich and famous, Point Piper does have two small boutique beaches used mainly by locals, Lady Martins and Seven Shillings.
The Royal Motor Yacht Club and the Royal Prince Edward Yacht Club are also discretely set within Point Piper's foreshores. Several of Sydney's top schools are located just minutes away, including Cranbrook, which is literally across New South Head Road, Scot's, Ascham, Kambala and Kincoppal-Rose Bay.
While Point Piper itself is solely residential, the exclusive restaurants and upmarket boutiques of Double Bay – Sydney's answer to Rodeo Drive – are just moments away. Take a picturesque walk around the shores of Rose Bay and you'll find Catalina The Pier, two of Sydney's most famous waterfront eateries and the site of port for local seaplanes. Much of Point Piper's architecture is contemporary, reflecting the desire to build bigger and more luxurious homes on this prime land.
However homes from all periods remain here, with some fine examples of Victorian, Edwardian, Federation, Art Deco and P & O styles. A number of apartments were built in the '50s, '60s and '70s, enjoying views every bit as spectacular as the breathtaking mansions surrounding them.
Suburb Features
Education
- Cranbrook School
- Double Bay Public School
- Kambala
- Kincoppal - Rose Bay School
- McAuley Primary School
- Rose Bay Public School
- Rose Bay Secondary College
- The Scots College
Recreation
- Duff Reserve
- Lady Martins Beach
- Redleaf Pool (Murray Rose Pool)
- Rose Bay Marina & Boat Hire
- Rose Bay Park
- Royal Motor Yacht Club
- Royal Prince Edward Yacht Club
- Seven Shillings Beach
Restaurants
- Bar Indigo
- Catalina Rose Bay
- Jewel On The Bay
- The Boathouse Rose Bay - Restaurant
- ZEST Royal Motor Yacht Club
