44/18-20 Waterloo Street, Narrabeen

Whether you’re looking to occupy or invest, this versatile commercial property presents a rare opportunity in one of the Northern Beaches’ most sought-after locations. Properties of this nature do not come up often on the market – the space boasts generous internal space, ample parking, and flexible zoning under Northern Beaches Council. This offering is perfectly suited to a wide range of uses.

* Total internal lettable area: 469sqm (approx.)
* Ground floor = 375m2 internal + 75m2 external terrace
* Large basement storage (Internal access from property or basement) = 77m2
* Additional 17m2 basement storage area (separate access)
* Ample on-site parking with 14 on title spaces – a major drawcard for staff, clients, and customers
* Suitable for owner-occupiers or investors
* Ground floor is split into 2 x separate tenancies on ground floor – 244m2 Front (Leased) & 131m2 Back (Vacant)
* Secure a footprint in a tightly held and high-demand commercial precinct
* A short stroll to Narrabeen Lagoon, beachfront, and walking/cycling trails
* Surrounded by a mix of boutique retailers, cafés, gyms and wellness operators
* Just minutes to the B-Line bus offering seamless transport to Dee Why, Mona Vale, Mosman and the Sydney CBD
* Appealing to a broad range of users including medical, creative offices, consulting, wellness, or retail operations
* Zoning: E1 Local Centre
* Part Occupy & Part Invest
* Outgoings = $17,397.53pa

Lease Details (Front Half)
– Area = 244m2 NLA + 65m2 Storage (2 separate areas)
– Tenant = BMP Wealth (Financial Advisors)
– Term = 3+3 (Expiry June 2026)
– Reviews = CPI increases
– Bond = 3 months
– Rent = $138,742.69 + GST Net
– Outgoings = 100% by paid by Lessee for now (Will be 65% split when back section leased)
– 10 x Car Spaces

Back Vacant Area;
– Area = 131m2 NLA + 29m2 Storage
– Asking Rent = $45,000 + GST Net
– Outgoings = 35% ($6077.09pa) paid by Lessee
– 4 x Car Spaces

Perfectly positioned in the heart of the Northern Beaches, this property offers the relaxed lifestyle and natural beauty Narrabeen is renowned for. Just moments from Narrabeen Lagoon, picturesque beaches, and scenic walking trails, it’s an ideal spot for outdoor enthusiasts and nature lovers. Convenient access to local cafés, shops, and essential services ensures everyday ease, while the nearby B-Line bus service provides smooth connections to Mona Vale, Dee Why, Manly, and Sydney’s CBD.

Call Oliver Rosati 0428 877 888 or Vincent West on 0403 444 000 today!