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1455 Pittwater Rd 1,808 SF 100% Leased Retail Building North Narrabeen, NSW 2101 $1,192,448 ($659.42/SF) 3.53% Cap Rate
Investment Highlights
- Mixed-use freehold property
- First floor two-bedroom residential apartment
- Potential for future development or additional level (STCA)
- Ground floor commercial tenancies with established retail occupants
- Rear lane access
Executive Summary
1455 Pittwater Road, North Narrabeen is offered for sale at a range of $1.55m - $1.7m, as a mixed-use freehold investment. The property generates income from both commercial and residential tenancies, providing diversified cash flow across multiple leases. This building includes a ground floor commercial tenancy and a two-bedroom apartment above, with supporting parking and rear access. The property is leased to established tenants and provide consistent rental income across both components.
Current Rental Income:
1455 Pittwater Road – Commercial: approx. $33,481.32 p.a. | Residential: approx. $29,442.86 p.a.
Outgoings:
Council rates: $2920.39 p.a. approx.
The offering presents the ability to acquire one or both properties with 1453 Pittwater Rd with scope for future reconfiguration or development potential, subject to council approval.
Current Rental Income:
1455 Pittwater Road – Commercial: approx. $33,481.32 p.a. | Residential: approx. $29,442.86 p.a.
Outgoings:
Council rates: $2920.39 p.a. approx.
The offering presents the ability to acquire one or both properties with 1453 Pittwater Rd with scope for future reconfiguration or development potential, subject to council approval.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,808 SF
Building Class
C
Price
$1,192,448
Price Per SF
$659.42
Cap Rate
3.53%
NOI
$42,089
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.27
Lot Size
0.03 AC
Frontage
19’ on Pittwater Road
Amenities
- Signage
- Wheelchair Accessible
- Storage Space
- Recessed Lighting
- Monument Signage
- Air Conditioning
- Smoke Detector
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1455 Pittwater Rd
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