160 Willoughby Road,
Crows Nest, NSW 2065

Shops & Retail • Showrooms & Large Format Retail

Key property information

Floor area

Zoning

Tenure type

Sold on

Map of 160 Willoughby Road

Directions

LEASED TO MULTINATIONAL WITH DA APPROVAL

CI Australia & Sutton Anderson are delighted to offer 160 Willoughby Road, Crows Nest For Sale by Expressions of Interest closing 4:00pm Wednesday 17th August 2022.

160 Willoughby Road, Crows Nest is arguably the best investment to come to the market For Sale in the North Shore in recent times.

This exciting freehold investment is perfectly positioned directly opposite the new Coles development in the high street of the bustling Crows Nest village.

Featuring a 5 + 5 year lease to Petbarn together with a DA Approval for ground floor retail and nine residential apartments this property has it all!

Key Selling Features:
• Blue chip investment
• Prime corner freehold opposite Coles
• 5 + 5 year lease to Petbarn
• Full rent paid throughout Covid-19
• 457 sqm of NLA
• 349 sqm of land
• Three frontages totalling 53m
• $500,000 refurbishment in 2019
• Gross Income: $265,000 + GST pa as at October 2022
• Current rent substantially under market
• Market review in October 2024 set to increase rent 25%
• 350m to Crows Nest Metro due for completion in 2024
• DA Approval for 9 residential apartments and retail

For more information or to pre register for one of our open for inspections please contact the Exclusive Agents:

Nick Lowry 0408 891 376
Hugh Anderson 0438 007 302

Crows Nest, 2065 demographic data

The median household income for Crows Nest is $2,614, 26% higher than Greater Sydney's household income of $2,077. Crows Nest has a younger age profile compared to the rest of Greater Sydney (median age 36 vs 37). Property ownership data shows 54% of property owners in Crows Nest have a mortgage.

4,974

Population

$2,614 per week

Median household income

36 years

Median age

Renters

Most residents

Families

Most households