Narrabeen
1318-1322 Pittwater Road
Sold
$2,300,000
Key details
Property Type
Other
Highlights
Split the Risk, astute investors will not want to miss this chance to secure this rare Northern Beaches offering of 3 shops & 3 residences plus the option to build on the land out the back (STCA).
Split the Risk, astute investors will not want to miss this chance to secure this rare Northern Beaches offering of 3 shops & 3 residences plus the option to build on the land out the back (STCA).
Land Area:613sqm approx.
3 x Shops
2 x 1 bedroom units & 1 x 2 bedroom unit
Fully occupied with solid tenants
Main road exposure with second street access from rear
Development potential S.T.C.A
Each Residential unit has full kitchen and bathroom
Common outdoor area
3 shopfronts facing busy Pittwater Road
Seconds from public transport
Zoned: B2 Local Centre, Warringah Council
Outgoings: $20,968.25approx
Net Income: $110,841 per annum
Presenting as a fantastic investment opportunity with all 6 tenancies occupied, the three shops are tenanted by successful local businesses or for the keen developer an opportunity to build on the rear or redevelop the existing site. Offering significant development potential with substantial holding income and remarkable future capital growth prospects.
Land Area:613sqm approx.
3 x Shops
2 x 1 bedroom units & 1 x 2 bedroom unit
Fully occupied with solid tenants
Main road exposure with second street access from rear
Development potential S.T.C.A
Each Residential unit has full kitchen and bathroom
Common outdoor area
3 shopfronts facing busy Pittwater Road
Seconds from public transport
Zoned: B2 Local Centre, Warringah Council
Outgoings: $20,968.25approx
Net Income: $110,841 per annum
Presenting as a fantastic investment opportunity with all 6 tenancies occupied, the three shops are tenanted by successful local businesses or for the keen developer an opportunity to build on the rear or redevelop the existing site. Offering significant development potential with substantial holding income and remarkable future capital growth prospects.
Contact the agent
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Narrabeen Neighbourhood Profile
Surrounded by water on both sides, Narrabeen offers up a uniquely remote feel just 15 minutes from Manly and 25kms from Sydney’s CBD. With some of the most stellar, uninterrupted coastline in Australia and a stunning lagoon surrounded by lush bushland, Narrabeen’s residents are treated to an uncrowded and tranquil world where nature can be enjoyed with an air of ‘slow living’.
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Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
the most favourable sale price (we also know the best local surf breaks, if you’re interested).
the most favourable sale price (we also know the best local surf breaks, if you’re interested).
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