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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.

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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).

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