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Address available on request Narrabeen, NSW 2101

Address available on request,
Narrabeen, NSW 2101

Shops & Retail • Other

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Land area

Floor area

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Opportunity Knocks! – Invest, Develop, Occupy

  • Sold As A Going Concern
  • Potential Developemt
  • Zoned B2 Local Centre
Attention savvy investors and developers! With exposure to busy Pittwater Road and its central location this property presents itself as an excellent opportunity to develop and expand on the vacant land behind with views directly over Narrabeen Lake (STCA). All this with a steady stream of income while you do your planning.

Features:
*Land Area: 463sqm
*Building Total: 220sqm
*Two shops both leased to stable tenants
*Income with development potential (STCA)
*Exposure to Pittwater Road
*Close to public transport
*Cafes, restaurants and local amenities at your door step
*Seconds from the Beach and backing onto the Lake
*Warringah Council - B2 Local Centre
*Shop 1: Month to Month Lease
*Shop 2: Leased till September 2015
*Net Income: $78,537 PA + GST
*Outgoings: $8,462 PA approx.
*For Sale: $1,900,000

Location:
Located on Narrabeen’s main retail shopping strip, between the lake and the beach with all the lifestyle amenities at its doorstep, such as banks, Woolworths, post office, a variety of eateries as well as regular public transport.

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

Additional information

Narrabeen, 2101 demographic data

The median household income for Narrabeen is $1,780, 14% lower than Greater Sydney's household income of $2,077. Narrabeen has an older age profile compared to the rest of Greater Sydney (median age 48 vs 37). Property ownership data shows 36% of property owners in Narrabeen have a mortgage.

8,255
Population
$1,780 per week
Median household income
48 years
Median age
Owners
Most residents
Families
Most households
04034440...
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Address available on request
Narrabeen, NSW 2101
Upstate - Northern Beaches
Suite 15, Level 1, 888 Pittwater Road
DEE WHY, NSW 2099

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