148 Pitt Road, North Curl Curl

This prime investment opportunity which hosts ample re-development opportunities (STCA) all within a level 200m of Curl Curl North Public School, Curl Curl sports grounds and Manly, Dee Why and city transport is available for sale for the first time since construction.

* Land area: 519m2 approx.
* Total building area = 415m2 approx.
* Total Current Gross Rent = $172,437.13 + GST per annum
* Total Current Net Rent = $152,704.37 + GST per annum
* 13 public parking spaces located to the east plus ample street parking
* 6 parking spaces on title at rear
* Commercial ground floor space with 2 x tenancies
* First floor residential space with secure access with 2 x tenancies
* Beachside mixed use freehold with development upside
* Generous sized apartments with modern finishes
* Outgoings: $19,732.76 approx. per annum
* Zoning – B1 Neighbourhood Centre
* Height Limit – 8.5m
* Council – Northern Beaches Council
* LEP – Warringah Local Environmental Plan 2011

Lease details:
Shop 1
* Tenant – Brother Barber
* 30m2
* 5 + 5
* Expiry – November 2024
* Reviews – CPI
* Security – $2,331.32
* Gross Rent – $22,038.83 + GST per annum (Due for CPI increase in Jan 2023)

Shop 2
* Tenant – North Curl Curl Cellars
* 103m2
* 5 + 5
* Expiry – January 2024
* Reviews – CPI
* Security – $6,479.58
* Gross Rent – $74,491.16 + GST per annum (Due for CPI increase in Jan 2023)

Unit 1
* Tenanted
* 120m2 approx.
* 1 year
* Expiry – May 2023
* Security – $2,600
* Current Gross Rent – $39,107.14 per annum

Unit 2
* Tenanted
* 120m2 approx.
* 1 year
* Expiry – Month to Month
* Security – $2,600
* Current Gross Rent – $36,500 per annum

Located in the highly desirable locale of North Curl Curl is this boutique block featuring two well-established commercial shopfronts and two generous sized apartments. Located just off the corner of Pitt Road and Playfair Road the property is buzzing with activity surrounded by boutique café’s, retailors and eateries as well an established residential community.

For more information please contact Vincent West on 0403 444 000, Geoff Pickering on 0414 590 598 or Oliver Rosati on 0428 877 888.

**All rentals are per annum and quoted areas are approximations**