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1228 Pittwater Road, Narrabeen, NSW 2101

1228 Pittwater Road, Narrabeen, NSW 2101

Retail Other

  • Sold Contact Agent
  • Thu 10-Aug-17

Freehold Investment: Retail/Residential

  • Prominent Corner Position 50m to Beach
  • Commercial/Residential Investment
  • Split the Risk with 3 Tenants

  • Land Area
  • 563.00 m² (approx)
  • Floor Area
  • 380 m²
  • Tenure Type
  • Tenanted Investment
  • Last Updated
  • Sep 19, 2017
  • Car Spaces
  • 6
  • Zoning
  • R2 Low Density Residential

Additional Details

Interested in this property? Contact an Agent today

Raine & Horne Commercial - Northern Beaches

685 Pittwater Road

Dee Why NSW 2099

Vincent West, Raine & Horne Commercial - Northern Beaches
Vincent West

Freehold Investment: Retail/Residential

Astute investors will not want to miss the opportunity to secure this rare Northern Beaches offering of 1 shop & 2 residences located in beautiful Narrabeen, 50 metres from the beach.
Area: Shop: 157sqm + 35sqm storage area; Residential Unit 2: 92sqm internal; Residential Unit 3: 96sqm internal.

This well-maintained property represents a fantastic investment opportunity with all three tenancies occupied of which two have been there for over 10 years. The ground floor shop has a solid tenant on a new 5-year lease who has been trading in this prime corner block position for 12 years. The 1st-floor residential tenants are both on new one-year leases. This property has been approved for Strata Subdivision, allowing for upside and flexibility.

The 157sqm ground floor shop has exceptional exposure from its corner position and includes an additional 35sqm storage area and 2 car spaces, with plenty of on-street parking for customers.

The residential units are both on level one and each includes 2 car spaces. Unit 2 is 92 sqm and was recently renovated with new kitchen and bathroom and includes features such as stone benchtops and plantation shutters. This

1228 Pittwater Road, Narrabeen, NSW 2101

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