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103 Alfred St 3,574 SF Retail Building Narraweena, NSW 2099 For Sale
Investment Highlights
- Situated in Narraweena, part of Sydney’s Northern Beaches with strong economic output.
- Located next to national retailers and within walking distance to five schools.
Executive Summary
103 Alfred Street presents a highly secure retail investment in the vibrant Northern Beaches precinct of Sydney. The property benefits from a brand-new 10-year lease commitment to Australia Post, a nationally recognized Commonwealth Government business, ensuring income stability through 2036, with an additional 10-year option extending to 2046. Fixed annual rental growth of 4% supports long-term value appreciation.
The site comprises a two-level freehold asset with integrated commercial and residential components, coupled with on-site parking, offering functional versatility. Zoned E1 Local Centre, the property allows for future development opportunities, subject to council approval. Its prominent location situates it within a dense residential catchment supported by five schools within a 1-kilometer radius, positioned alongside essential national retailers including Liquorland, Chemist Max, and The Friendly Grocer.
Narraweena offers connectivity to major Northern Beaches hubs and benefits from a thriving local economy, contributing to a GRP exceeding $21 billion annually. With a net passing income of approximately $147,610 per annum plus GST, this freehold asset delivers a robust covenant in a tightly held metropolitan market positioned for long-term growth.
The site comprises a two-level freehold asset with integrated commercial and residential components, coupled with on-site parking, offering functional versatility. Zoned E1 Local Centre, the property allows for future development opportunities, subject to council approval. Its prominent location situates it within a dense residential catchment supported by five schools within a 1-kilometer radius, positioned alongside essential national retailers including Liquorland, Chemist Max, and The Friendly Grocer.
Narraweena offers connectivity to major Northern Beaches hubs and benefits from a thriving local economy, contributing to a GRP exceeding $21 billion annually. With a net passing income of approximately $147,610 per annum plus GST, this freehold asset delivers a robust covenant in a tightly held metropolitan market positioned for long-term growth.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,574 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.27
Lot Size
0.06 AC
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Nearby Major Retailers
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103 Alfred St
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