Property Details:

CPG are pleased to present for sale via public auction, the opportunity to secure an economical freehold investment with a long standing tenant and future development upside.

Situated in the heart of Ramsgate’s retail strip amongst other notable destinations such as the Intersection Tavern, The Good Filo and Anytime fitness, this property is in prime position to capitalise on Ramsgate’s growing retail and residential presence and is within the same vicinity of 2 new residential unit developments and a proposed development for residential towers, major shopping precinct and supermarket.

Features Include:

– Freehold property with mixed use zoning
– Value add opportunity
– Exposure to Rocky Point Road
– Long standing tenant of 39 years
– Land area of 222m²*
– Building area of 110m²*
– Secure onsite parking for 3 cars
– Rear lane access
– Development potential (STCA)
– Floor space ratio 2:1
– 16m maximum building height
– Agent’s interest

For further information on this exciting offering, please contact exclusive sales agents Damen Astey on 0431 817 616 or Ryan McMahon on 0429 228 460.

Open for Inspection:
Tuesdays from 11:30am to 12:00pm

Auction:
Wednesday 9th March 2022
On-Site at 11:30am

*Approximate