103 Alfred Street, Narraweena

Upstate Commercial, as exclusive agents, are pleased to present 103 Alfred Street, Narraweena, a rare mixed-use freehold investment offering secure and diversified income within a tightly held Northern Beaches location. Combining a long-term commercial tenancy with a newly secured residential lease, the property presents an attractive opportunity for investors seeking income security, multiple revenue streams and long-term capital growth.

The property comprises a ground-floor commercial premises occupied by an established Post Office/Newsagency on a 10 year lease, complemented by a substantial 5 bedroom residential apartment secured by a new 1 year lease. The building also benefits from extensive under-building storage and garage accommodation, providing additional functionality for the commercial tenant and enhancing the overall appeal of the asset.

Key Investment Highlights:
• Land area: 266sqm
• Building area: 271sqm
• Additional 129sqm of under-building storage and garage accommodation – being used by Post Office/Newsagency for additional storage
• Mixed-use freehold investment comprising commercial and residential tenancies
• Ground-floor 140sqm commercial premises occupied by an established Post Office/Newsagency on new 10+10 year lease
• Large first floor 131sqm 5 bedroom apartment with a brand-new lease in place
• Two separate income streams reducing reliance on a single tenant
• Established commercial operator servicing the surrounding local community
• 3 allocated car spaces at rear of block
• Attractive investment fundamentals supported by long-term commercial tenure and residential demand
• Strong underlying land value within an established Northern Beaches neighbourhood
• Ideal opportunity for investors seeking secure income and long-term capital appreciation
• Net Income: $153,588.30 + GST

Strategically positioned within Narraweena’s established neighbourhood shopping precinct, 103 Alfred Street benefits from a convenient location surrounded by local retailers, service providers and an extensive residential catchment. The property enjoys easy access to Dee Why Town Centre, Warringah Road and Pittwater Road, providing excellent connectivity throughout the Northern Beaches and towards Sydney CBD. The asset is also located nearby to two public schools, one private school, various sports facilities all within a few minutes walk.

Narraweena remains a tightly held residential and neighbourhood commercial precinct, supported by an established local community and convenient access to surrounding retail, transport and lifestyle amenities. The combination of a secure 10-year commercial lease, newly established residential tenancy and diversified income streams positions 103 Alfred Street as an attractive long-term freehold investment within Sydney’s Northern Beaches.

Contact Oliver Rosati on 0428 877 888 or Vincent West 0403 444 000 today for your inspection.

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