238 - 242 Rocky Point Road
Ramsgate, NSW 2217

This property presents a unique opportunity to acquire a site with significant development potential in one of South Sydney's most robust markets. The site benefits from existing approval for a 21-lot redevelopment, comprising 19 generously sized apartments alongside 2 substantial retail shops. This approval offers the chance to build and profit immediately or to explore alternative development options.

Key features of the property include:

• Facilitated construction with a two-level basement and convenient rear lane access via Meurants Lane.
• An 18-meter frontage complemented by rear lane access, situated on approximately 800 square meters of land.
• A favorable unit mix, with 70% of the apartments designed as two and three-bedroom units, catering to a broad market segment.
• An approved gross floor area (GFA) of approximately 1,597 square meters, providing substantial buildable space.
• Water views available from the upper levels, enhancing the appeal and value of the development.
• Strong population growth projections for the surrounding local government area, indicating promising demand for residential and retail spaces.
• A prized Bayside location, just moments from The Intersection Tavern and Ramsgate Beach, and positioned opposite a proposed development featuring residential towers and a major shopping precinct with supermarkets.
• The vendors are motivated and seeking a definite sale, providing a realistic opportunity for acquisition.

All measurements, areas, and distances are approximate and should be independently verified. This site offers a rare chance to capitalize on a well-located, approved development project in a thriving market.