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1 Narrabeen Park Parade, NORTH NARRABEEN NSW, 2101

For Sale

Property for Sale in 1 Narrabeen Park Parade, NORTH NARRABEEN NSW, 2101

Upstate

Suite 15, Level 1, 888 Pittwater Road, , Dee Why, NSW 2099

Listing ID:
11379925
Status:
Active
For:
Sale
Price:
$3,200,000
Last Updated:
29/05/2020
Icon building

Property Type

Retail
Icon square

Land Area

N/A
Icon size

Floor Area

206 SQM
Icon parking

Parking

N/A

Iconic Freehold Building Located Only Footsteps to the Beach

FEATURES
*Total Land Area = 345m2
*Building Area = 206m2, External Area = 82m2 & Storage/Garage = 57m2
*Well located freehold building with secure tenant on new 5 + 5 year lease (Exp. 8/3/25)
*Newly renovated throughout with quality finishes to kitchen & bathroom areas
*Outdoor entertaining areas with seating, undercover and entertainment options
*Building layout currently split into two, with kitchen & bar access on each side. Flexible spaces can be used for café/restaurant style or functions.
*Excellent main thoroughfare road exposure with large signage opportunities
*Commercial kitchen with ample storage, preparation area, connection to grease trap and exhaust ventilation
*Enough space on the block for 4 car spaces + additional 57m2 garage to be used as either parking, storage or another source of income (Approx. $17,000 + GST Gross)
*Recently renovated male, female & disabled toilets inside
*Large council car park located right out the front of building
*Current Net Income = $130,000 ex GST pa
*Projected Net Income Inc Storage (Approx.) = $145,926 ex GST pa
*Outgoings Including Council Rates, Land Tax, Water Rates, Insurance = $21,480pa (Tenant pays for 95% of total outgoings)

This is a well-known, iconic building on the Northern Beaches and positioned in an unbeatable spot. The land also has some potential for future redevelopment (STCA) with a zoning of land zoning of R2 (Low Density Residential) and Height Limit of 8.5m.

LOCATION
Narrabeen is a conveniently located area that 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 public buses right out the front and also express city buses close by as well as the vehicular corridor of the Wakehurst Parkway and Mona Vale Road to enable easy access to the city and the west.

Call Vincent West on 0403 444 000 today for your inspection.

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

For more details, please email agent

Upstate

Suite 15, Level 1, 888 Pittwater Road, , Dee Why, NSW 2099


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