394 Sydney RoadBalgowlah NSW 2093
Property Details for 394 Sydney Rd, Balgowlah
Last Listing description (May 2026)
CBRE is pleased to offer to the market 394 Sydney Road, Balgowlah (Manly) NSW, a trophy Sydney dental and healthcare freehold anchored by The Smile Office and Beachside Orthodontics, for sale by Investment Portfolio Auction.The property has the following key investment highlights:+ Multi-faceted freehold dental centre underpinned by a long 7.3-year WALE (by income)+ Anchored by brand-new 10 year net lease the Smile Office to December 2035 with 2 further 5 year options to 2045 (30+ years on-site)+ The Smile Office: established dental centre owned by Health Crest, longstanding 30+ year occupancy+ 8 year lease to Beachside Orthodontics to 2030 plus 4 years option to 2034 (20+ years on-site)+ Beachside Orthodontics: high performing orthodontist practice with 14 staff & a premium dental-grade fit-out+ Highly defensive net leases with tenants responsible for 100% of outgoings including Land Tax+ Guaranteed compounding rental growth with annual reviews to the greater of 4% or CPI+ Significant tenant capital expenditure and investment with premium dental-grade fit-outs across both levels+ Key 460sqm* Sydney Road landholding with a prominent 15m* street frontage+ Strategically located adjacent to the Coles-anchored Balgowlah Village Shopping Centre, complemented by Bunnings and the Sydney Road Medical Practice+ Balgowlah: tightly held and affluent Northern Beaches location, 4 minutes to Manly Beach with a median house price of $3.7m*, while 10km* to Sydney CBD+ Northern Beaches Council: population of 272,656, Gross Regional Product of $22.61 billion and Healthcare as the largest employing sector+ Net Income: $377,497 pa* + GSTTo be sold by Investment Portfolio Auction 10:30am (AEST) Tuesday 23 June 2026, Yallamundi Rooms, Sydney Opera House.*Approximate
Property History for 394 Sydney Rd, Balgowlah, NSW 2093
- 23 Jun 2026Sold
- 22 May 2026Listed for Sale Contact Agent
- 10 Nov 2020Sold
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0About Balgowlah 2093
The size of Balgowlah is approximately 1.9 square kilometres. There are 12 parks, covering nearly 13.0% of the total area. The population of Balgowlah in 2016 was 7961 people. By 2021 the population was 8068 showing a population growth of 1.3% in the area during that time. The predominant age group in Balgowlah is 40-49 years. Households in Balgowlah are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Balgowlah work in a professional occupation.In 2021, 66.90% of the homes in Balgowlah were owner-occupied compared with 65.80% in 2016.
Balgowlah has 4,353 properties. Over the last 5 years, Houses in Balgowlah have seen a 5.33% increase in median value, while Units have seen a 13.44% increase. As at 31 July 2026:
- The median value for Houses in Balgowlah is $3,420,951 while the median value for Units is $1,607,087.
- Houses have a median rent of $1,575 while Units have a median rent of $875.
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