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2 Lagoon St 387 SF Retail Condo Unit in Narrabeen, NSW 2101
Investment Highlights
- Mixed-use property featuring ground-floor retail and an upper-level residential component.
- Surrounded by cafés, restaurants, and local businesses in a vibrant coastal village setting.
- Positioned opposite a council car park and within walking distance of Narrabeen Beach and Narrabeen Lake.
- Accessible via public transport, including B-Line bus services, and close to local schools.
Executive Summary
The property at 2 Lagoon Street, Narrabeen, is a mixed-use asset located within the Northern Beaches local government area. The site occupies approximately 632 m² of land and includes a ground-floor retail shop and an upper-level residential component. The building footprint covers nearly the entire lot, with an estimated roof height of 16 meters. The property is situated opposite a council car park and is within walking distance of Narrabeen Beach and Narrabeen Lake. It is positioned in a coastal village setting with surrounding cafés, restaurants, and local businesses. The location offers access to public transport, including B-Line bus services, and is within the catchment of Narrabeen Lakes Public School and Narrabeen Sports High School. The property is subject to flood management planning controls but has no bushfire or heritage overlays.
1 Unit Available
| Unit Size | 387 SF | Sale Type | Investment or Owner User |
| Condo Use | Retail |
| Unit Size | 387 SF |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
Description
With its functional retail layout, internal bathroom amenities, and secure basement parking, this property is well-suited for a variety of businesses. Its prime location within a vibrant coastal community, combined with proximity to public transport including B-Line bus services, makes it an attractive long-term investment or an ideal base for an owner-operator.
Sale Notes
The shop is located within a well-maintained complex and sits directly opposite a council car park, providing convenient access for customers. Currently leased until 2026 with a three-year option, the property delivers immediate rental income of $33,926 per annum plus GST and outgoings, with the tenant responsible for 100% of outgoings. This arrangement offers both security and flexibility, allowing the incoming owner to continue leasing or occupy the premises in the future.
Property Facts
| Total Building Size | 20,699 SF | Building Class | C |
| Property Type | Multifamily (Condo) | Floors | 4 |
| Property Subtype | Apartment | Typical Floor Size | 5,175 SF |
| Total Building Size | 20,699 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 5,175 SF |
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2 Lagoon St
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