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Upstate - Northern Beaches

Shops 1-5/1238 Pittwater Road Narrabeen, NSW 2101

Shops 1-5/1238 Pittwater Road,
Narrabeen, NSW 2101

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Upstate - Northern Beaches
Vincent West
Oliver Rosati

Upstate - Northern Beaches

Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
Upstate - Northern Beaches
Shops 1-5/1238 Pittwater Road
Narrabeen, NSW 2101

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Commercial property investment at circa 5.5% Net on the Northern Beaches

5 fully tenanted shops on secure leases in a premium beachfront location. This is a great opportunity to acquire a fully leased multi tenanted investment with flexibility to split, combine or partially divest as time goes by. Comprising of 5 shops and 4 secure tenants this fully leased retail investment is the whole ground floor in a premium beach front shop top development on Sydney's exclusive Northern Beaches.

* 4 secure leases including one to a government department
* Whole ground floor of 5 strata lots
* Great mix of tenants that offer diversity in risk profile
* Restaurant, Hair salon, Government department & Surveyors
* Building completed in 2009
* Fantastic location literally between Pittwater Road and the beach
* 2 street frontages
* Huge 36 metre frontage to Pittwater Road and 12 metres Ocean Street
* Massive basement parking area with 51 car spaces on title for the shops
* Net income $356,768 + GST approx. per annum
* Outgoings $71,195 approx. per annum

Lot 11 – 171sqm, 13 car spaces
Lot 12 – 101sqm, 11 car spaces
Lot 13 – 96sqm, 6 car spaces
Lot 14 – 123sqm, 8 car spaces
Lot 15 – 202sqm, 13 car spaces

Being sold in one line with a total of 693sqm lettable area and 51 car spaces.

Located in Narrabeen in the heart of Sydney's Northern Beaches. Situated between Pittwater Road offering exposure to the busiest arterial road in the region and the beach with all the tranquillity the Pacific Ocean has to offer.

For more information or to arrange an inspection contact Vincent West 0403 444 0... or Oliver Rosati 0428 877 8....

**All prices are per annum and quoted areas/measurements are approximations only**

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Property ID: 504057111Last Updated: 6 Jul 2022

Upstate - Northern Beaches
Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
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