Shops 1 & 2, 1238 Pittwater Road, Narrabeen, NSW 2101

• Renewed, secure lease to the Commonwealth Government
• Further 3 year option to 2029
• Tenant in occupation since construction
• Total property area of 544 sqm
• Incredible 24 parking spaces on title
• Prominent position between Bunnings & the famous Narrabeen Beach
• Located on Pittwater Road, with over 32,000 car per day
• Valuable depreciation available
• The Northern Beaches Council population 268,463, and is forecast to grow to 308,616 by 2041
• Wealthy demographic with an enviable beachside lifestyle
• Close to 7-Eleven, the famous Narrabeen Sands Hotel and the iconic "Rip Curl" building
• CPI rent increases plus 50% outgoings recoveries
• Easily managed single tenant investment

• Net income $140,469 + GST

For Sale by Deadline Private Treaty, offers closing 4pm Thursday, 30 May 2024