613-615 Pittwater Road,
Dee Why, NSW 2099
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Upstate - Northern Beaches
Suite 15, Level 1, 888 Pittwater RoadDEE WHY, NSW 2099
613-615 Pittwater Road
Dee Why, NSW 2099
Map of 613-615 Pittwater Road
DA Approved Boarding House Site in Strategic High Rental Growth Corridor
* Land size: 3,168m2
* DA approved for 80 rooms (75 double rooms & 5 single rooms)
* Potential Net Return once fully completed = $1,700,000 to $1,850,000 + GST
* Potential End Value = $30,900,000 to $33,600,000 (circa 5.5% Net Yield or 6.5% Gross Yield)
* Shovel ready development
* Site boasts 2 street frontages
* Opportunity to diversify your investment portfolio or development pipeline
* Beachside suburb with huge tenant demand
* Strong population and demographic trends
* Exponential rental growth and capital appreciation forecasts - with less than 1% 2099 rental vacancy rates and 9.7% rental growth in Sydney over the last 5 years
* Excellent long term cashflow opportunity
* Unique asset in key Northern Beaches location
Upstate, as the exclusive selling agents, are pleased to offer this outstanding DA approved development opportunity situated in the highly desirable and everchanging beachside suburb of Dee Why.
On offer is a very rare opportunity to acquire a large landholding of 3,168m2 in a tightly held pocket of Dee Why, an area that has been transformed over the recent years with its new revitalized town centre and shopping precinct. This asset provides astute developers and investors an amazing opportunity to purchase, develop and either rent and hold or on-sell as a completed asset with a strong rental return.
The site is strategically located within close proximity to the town centre, public transport, Dee Why Beach and Warringah Mall catering for the ultimate convenience the local population is after. The new Northern Beaches hospital, Warringah Mall upgrades, Dee Why Master Plan, Brookvale Master Plan, Dee Why PCYC, B-Line rapid transit system and proposed Northern Beaches tunnel, combined with a lack of development in the region have ensured that the Northern Beaches is a blue chip location for development.
Available on request via a shared link is all due diligence information including:
* Information Memorandum
* DA Documentation
* Consent
* CC Information
* Engineering Reports
* Floorplates
* CGIs
* Projected Income & Expenditure
* Contract
For any further information, please contact Vincent West on 0403 444 0..., Peter Mosedale on 0408 177 2... or Oliver Rosati on 0428 877 8....
* DA approved for 80 rooms (75 double rooms & 5 single rooms)
* Potential Net Return once fully completed = $1,700,000 to $1,850,000 + GST
* Potential End Value = $30,900,000 to $33,600,000 (circa 5.5% Net Yield or 6.5% Gross Yield)
* Shovel ready development
* Site boasts 2 street frontages
* Opportunity to diversify your investment portfolio or development pipeline
* Beachside suburb with huge tenant demand
* Strong population and demographic trends
* Exponential rental growth and capital appreciation forecasts - with less than 1% 2099 rental vacancy rates and 9.7% rental growth in Sydney over the last 5 years
* Excellent long term cashflow opportunity
* Unique asset in key Northern Beaches location
Upstate, as the exclusive selling agents, are pleased to offer this outstanding DA approved development opportunity situated in the highly desirable and everchanging beachside suburb of Dee Why.
On offer is a very rare opportunity to acquire a large landholding of 3,168m2 in a tightly held pocket of Dee Why, an area that has been transformed over the recent years with its new revitalized town centre and shopping precinct. This asset provides astute developers and investors an amazing opportunity to purchase, develop and either rent and hold or on-sell as a completed asset with a strong rental return.
The site is strategically located within close proximity to the town centre, public transport, Dee Why Beach and Warringah Mall catering for the ultimate convenience the local population is after. The new Northern Beaches hospital, Warringah Mall upgrades, Dee Why Master Plan, Brookvale Master Plan, Dee Why PCYC, B-Line rapid transit system and proposed Northern Beaches tunnel, combined with a lack of development in the region have ensured that the Northern Beaches is a blue chip location for development.
Available on request via a shared link is all due diligence information including:
* Information Memorandum
* DA Documentation
* Consent
* CC Information
* Engineering Reports
* Floorplates
* CGIs
* Projected Income & Expenditure
* Contract
For any further information, please contact Vincent West on 0403 444 0..., Peter Mosedale on 0408 177 2... or Oliver Rosati on 0428 877 8....
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Dee Why, 2099 demographic data
The median household income for Dee Why is $2,106, 1% higher than Greater Sydney's household income of $2,077. Dee Why has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 57% of property owners in Dee Why have a mortgage.
23,354
Population
$2,106 per week
Median household income
36 years
Median age
Owners
Most residents
Families
Most households
Upstate - Northern BeachesSuite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099
DEE WHY, NSW 2099
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687 Pittwater Road,Dee Why, NSW 2099 391 m²Shops & Retail • Development Sites & Land • Other