685 Pittwater RoadDee Why NSW 2099
Property Details for 685 Pittwater Rd, Dee Why
Last Listing description (March 2026)
SOLD BY MICHAEL BURGIO | 0430 344 700
SOLD $5,140,000
180 enquiries | 15 offers
Multiple buyers missed out and are ready to purchase similar properties.
Thinking of selling? Contact Michael Burgio at Novak Properties.
ICONIC DEE WHY FREEHOLD –
ENTIRE!!! BUILDING FOR SALE
Investment Overview
| Whole building offered in one line
| Net income circa $433,000 per annum
| 8.8% net yield
| 11% gross yield
| Gross income circa $530,952 + GST per annum
| 26 simple diversified tenants
| Longest lease expiry 2029
| Ground floor anchored by NEW Raine & Horne office
| Rooftop Telstra lease providing additional income
| 1,281m² net lettable area
| 348m² land area
| Ten separated strata already....TO BE sold in one line
| Whole.....Four-storey commercial building... to be sold
| MU1 Mixed Use zoning
| 27 metre height limit
Secure a rare and tightly held commercial asset in the absolute heart of Dee Why. 685 Pittwater Road stands as an irreplaceable landmark along Pittwater Road within the thriving Dee Why Town Centre.
Known as Weight House, this was the first office tower developed in Dee Why by the renowned Woodrow Weight, a key figure in shaping the Northern Beaches commercial landscape. This is an opportunity to secure a genuine piece of local history while benefiting from strong and diversified income.
The tenancy profile provides strong diversification, minimising risk while delivering stable triple net income.
Development & Value-Add Potential
The building's flexible floor plates, central location and 27 metre height limit create substantial repositioning and redevelopment opportunities STCA. Architectural concepts demonstrate the potential for a 6–7 storey redevelopment incorporating approximately 33 studio apartments, while retaining ground floor commercial income. Indicative rental modelling suggests:
• 33 studios at $450–$500 per week
• Potential residential income of $772,000 – $858,000 per annum
• Combined income potential approaching $1 million per annum
Subject to final design and lease-up, this could reflect a potential end value in the vicinity of $20 million.
A long-held cornerstone of Dee Why's commercial district, 685 Pittwater Road represents a rare opportunity to secure scale, income and future uplift in one of the Northern Beaches' most tightly held precincts.
Whether you are an experienced investor, strategic land banker or owner-occupier seeking future potential, this high-exposure freehold is a compelling acquisition.
"All information contained herein is provided by third party sources including but not limited to the owners/developers, valuers and solicitors. Consequently, we cannot guarantee its accuracy. Any person using this information should rely on their own enquiries and verify all relevant details for their accuracy, effect and currency."
Property History for 685 Pittwater Rd, Dee Why, NSW 2099
- 26 Mar 2026Sold for $5,140,000
- 26 Mar 2026Listed for Rent $10,400 / year
- 02 Feb 2026Listed for Sale SOLD BY MICHAEL BURGIO | 0430 344 700
Recent sales nearby
See more recent sales nearby/assets/perm/4cboamn6qui6netifhy2gu33zm?signature=446d2aa7bad0a7279a2d3accc9fe485d975c423c1945cecefeb8813544b5f84c){kind=logo}
0/assets/perm/gyatnq553ui6ndi6yuizmk5jsy?signature=7a6a2ee72a1369a23f289b2760c457d2ea1013d712e242c031d9b20109485296){kind=logo}
0/assets/perm/wpv6b563yei6ncg6hwtjawuwle?signature=de04fae782dccf3f55902b2a777abf2e6b0a11ee43ae019f5c7410ce8acf8708){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Dee Why 2099
The size of Dee Why is approximately 3.4 square kilometres. It has 11 parks covering nearly 15.0% of total area. The population of Dee Why in 2016 was 21518 people. By 2021 the population was 23354 showing a population growth of 8.5% in the area during that time. The predominant age group in Dee Why is 30-39 years. Households in Dee Why are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dee Why work in a professional occupation.In 2021, 50.20% of the homes in Dee Why were owner-occupied compared with 50.30% in 2016.
Dee Why has 13,232 properties. Over the last 5 years, Houses in Dee Why have seen a 25.54% increase in median value, while Units have seen a 26.09% increase. As at 31 March 2026:
- The median value for Houses in Dee Why is $2,835,669 while the median value for Units is $1,121,092.
- Houses have a median rent of $1,300 while Units have a median rent of $780.
Suburb Insights for Dee Why 2099
Market Insights
Dee Why Trends for Houses
N/A
N/A
View TrendN/A
N/A
Dee Why Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
