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24-25 The Strand 3,745 SF Retail Condo Unit Offered at $5,682,480 in Dee Why, NSW 2099
Executive Summary
24-25 The Strand occupies a premier beachfront position in Dee Why, one of Sydney’s most vibrant coastal precincts. This mixed-use property combines high-exposure ground-floor retail with luxury residential apartments above, creating a dynamic investment and lifestyle opportunity. The ground floor offers prime retail frontage along The Strand, a bustling promenade lined with popular cafes, restaurants, and boutique retailers, ensuring strong pedestrian traffic and visibility. Above the retail level, the upper floors feature expansive residential apartments designed for modern coastal living. These residences boast uninterrupted ocean views, open-plan layouts, and premium finishes, with private terraces that provide a seamless indoor-outdoor experience. The building’s boutique design ensures privacy while maintaining a strong connection to the beachfront lifestyle. The property benefits from its strategic location within Dee Why’s high-density residential hub, supported by excellent transport links, nearby supermarkets, and essential services. With ongoing infrastructure improvements and mixed-use developments in the area, 24-25 The Strand is positioned for long-term growth and sustained demand from both retail tenants and residential buyers.
Property Facts
| Total Building Size | 10,936 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,645 SF |
| Property Subtype | Apartment | Lot Size | 0.20 AC |
| Building Class | B |
| Total Building Size | 10,936 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 3,645 SF |
| Lot Size | 0.20 AC |
1 Unit Available
Unit 1&2
| Unit Size | 3,745 SF | Cap Rate | 4.81% |
| Price | $5,682,480 | NOI | $273,186.66 |
| Price Per SF | $1,517.35 | Sale Conditions | Auction Sale |
| Condo Use | Retail | APN/Parcel ID | CP/-/SP94285 |
| Sale Type | Investment |
| Unit Size | 3,745 SF |
| Price | $5,682,480 |
| Price Per SF | $1,517.35 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.81% |
| NOI | $273,186.66 |
| Sale Conditions | Auction Sale |
| APN/Parcel ID | CP/-/SP94285 |
Description
This property comprises two strata-titled retail lots positioned along The Strand, Dee Why’s most sought-after beachfront promenade. The combined net lettable area of 348 m² offers large, regular-shaped spaces ideal for high-traffic hospitality and retail operations. The property benefits from a DA-approved stratum subdivision, allowing for future flexibility in ownership structure, including the potential to split the existing lot into two separate titles for individual sale.
The location is unmatched, sitting just meters from Dee Why Beach and surrounded by a vibrant mix of cafes, restaurants, and lifestyle amenities. The area is supported by strong demographics, with Dee Why being the Northern Beaches’ highest-density suburb and a hub for both residents and visitors. Ongoing planning reforms and mixed-use developments in the precinct further enhance the long-term value proposition of this asset.
Sale Notes
This is a rare opportunity to acquire a blue-chip beachfront retail investment in one of Sydney’s most dynamic coastal markets. The property is fully leased to two established tenants, Corretto Bar & Restaurant and Royal Copenhagen, under recently executed long-term net leases of five and ten years with options. These leases provide a secure net income of $384,602 per annum plus GST, with tenants responsible for all outgoings and fixed annual rental increases of 3%, ensuring predictable income growth.
The asset’s DA-approved stratum subdivision offers significant future upside, enabling a potential strata sell-down strategy or enhanced liquidity options. With its prime position on The Strand, strong tenant covenant, and exposure to a high-density, affluent catchment, this property represents an exceptional investment opportunity in a tightly held beachfront location.
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24-25 The Strand
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