Rose Bay 629 New South Head Road

Grand harbourfront residence with lucrative and exciting potential

This grand harbourfront residence represents a once-in-a-lifetime opportunity, occupying a substantial north-facing, level corner parcel with exciting future development potential (STCA). It features two separate wings, an additional one-bedroom self-contained cottage/guest house plus potential for substantial income by continuing the current owner's childcare business.

This exquisite double fronted family estate showcases elegant c1880s period features, soaring ornate ceilings and stunning original leadlight windows. An array of elegant casual and formal living areas spill onto picturesque gardens, sun-soaked Travertine terraces and balconies with views over the boat-studded harbour.

The lower section of the main residence is highly versatile and has been utilised by the current owner as the preparatory school, however, there is the option to convert the space back to its former glory or utilise the scope for dual occupancy. Zoned R3 Medium Density, it also provides lucrative potential to create a luxury boutique development (STCA).

The layout incorporates an abundance of accommodation, plus a separate self-contained cottage/guest house that would be perfect for Au Pairs, live-in carers or Airbnb. It also features double parking and an additional entrance via Balfour Road.

Properties of this calibre and pedigree are rarely offered, combining magnificent scale, a prestigious address plus exciting possibilities to further capitalise.

For all your home loan needs please give the team at Highland Financial Services a call on 02 9523 2699 or visit www.highlandfinancialservices.com.au