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.

Contact the agent

Vincent West

Commercial Licensee / Director in Charge

0403 444 000

Share this property

Would you like us to contact you
in relation of this property?

Share this property

Be the first to know about new
properties that will interest you
before they hit the market

BECOME AN UPSTATE INSIDER

Insights & knowledge

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).

Rebuild of the iconic Manly Emporium shows commercial property is on the rise in Sydney

17 October 2019

Read more

Hey there, here’s a discount for your first year of Landlord insurance cover

26 September 2019

Read more

Commercial Real Estate heats up!

24 September 2019

Read more

Ten Tips for Preparing your Home for Sale!

16 August 2019

Read more