Narrabeen

22-24 Lagoon Street

Sold $4,200,000

Key details

Property Type Land

Highlights

We are pleased to present to the market a rare, boutique luxury residential apartment development site on the exclusive peninsular of land between Narrabeen Beach and Narrabeen Lake on the Northern Beaches of Sydney. The site is located on the corner of Wellington Street and Lagoon Street Narrabeen Beach. The current owners have been granted a Development Approval for a scheme comprising of 9 luxury SEPP 5 seniors living apartments with lift access, ample parking and many with direct lake views.
We are pleased to present to the market a rare, boutique luxury residential apartment development site on the exclusive peninsular of land between Narrabeen Beach and Narrabeen Lake on the Northern Beaches of Sydney. The site is located on the corner of Wellington Street and Lagoon Street Narrabeen Beach. The current owners have been granted a Development Approval for a scheme comprising of 9 luxury SEPP 5 seniors living apartments with lift access, ample parking and many with direct lake views.
- Total land size 1,114sqm (Level and detail survey available)
- 9 Luxury apartments & 18 car spaces approved DA
- Targeting the downsizers and owner occupiers market
- Current rental income to offset holding costs is approximately $119,080 pa- Outgoing costs is approximately $30,121 pa
- Corner block position with easy and efficient access
- Low side access for efficient basement excavation
- Level walk to both Narrabeen Beach and Lake
- Direct access to main transport links to the city and west by both bus and car

The area is fantastic and has been undergoing a gentrification through low rise development over the past 5-10 years and offers a beach lifestyle with level access to all amenities including restaurants, supermarket and local strip retail along Pittwater Road. There is direct access to express city buses within 200m as well as the vehicular corridor of the Wakehurst Parkway and Mona Vale Road to enable easy access to the city and the west.

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Understanding the Northern Beaches like the back of our hands allows us to offer impeccable levels of service and elicit
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