675 Pittwater Road, Dee Why

Upstate Commercial are pleased to present this high-profile mixed-use commercial freehold asset, offering a rare opportunity to secure a strategic holding with significant future development upside in the heart of Dee Why. Prominently positioned along one of the Northern Beaches’ busiest arterial roads, the property benefits from exceptional exposure, strong passing traffic and a versatile existing configuration, providing immediate appeal to investors while presenting compelling potential for future redevelopment and value creation (STCA).

Fully leased, across 23 x separate tenancies and spread over 2 levels, this building boasts rear lane and pedestrian walk through traffic from Fisher Road. Offering solid upside through refurbishment upgrades, rent reversions or favourable development controls, this asset has loads of opportunity in a tightly held precinct.

* Total Building area: 1,045m2
* Land area: 577m2
* Freehold commercial/retail asset right in the heart of Dee Why
* Ground floor retail and first floor office/retail spaces
* Spread the investment risk with diverse income types
* Upside benefits; Refurbish to maximising returns, rental reversions and utilising current development controls into the future
* Fully leased to multiple business types over 23 separate tenancies with demo clauses aligned
* Shared amenities for all tenancies on both floors of the building
* High growth suburb that is undergoing significant surrounding residential developments
* Metres from Dee Why town centre, main road bus tops, shopping centres and multiple public car parks
* Significant exposure and signage opportunities
* Development Controls: MU1 Mixed Use, 27m Height, FSR 4:1 (Possible 2308sqm GFA permissible)
* Total Current Gross Rent: $381,053 + GST per annum approx..

New developments in the Town Centre precinct are attracting huge interest. Dee Why is undergoing a massive transformation. This building is within the growing retail/commercial area which will continue to benefit from the development and close proximity of high profile residential developments, beautiful beaches and public transport.

Situated on the western side of Pittwater Road in Dee Why’s Town Centre within walking distance from multiple large public car parks. Close to the major banks, Meriton shopping precinct, Woolworths, Coles, Dee Why Grand Shopping Centre and only metres from the main B Line bus stop, arguably the busiest bus stop on the Northern Beaches. Dee Why is well serviced by banks, 4 x supermarkets and various retailers, it has a large and diverse population that is about to expand dramatically with all the nearby developments evolving the suburb.

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

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