398 Pacific HighwayCrows Nest NSW 2065
Property Details for 398 Pacific Hwy, Crows Nest
Last Listing description (July 2020)
LOCATION! LOCATION! LOCATION!
ATTENTION LAND BANKERS, INVESTORS AND DEVELOPERS!
398 Pacific Highway is a recently completed mixed-use building with 18 residential apartments, 14 car spaces and 371m of retail space.
This exciting opportunity presents the incoming owner the flexibility to sell the apartments individually or land bank for future rezoning whilst having multiple income streams.
Key Highlights:
100% freehold interest
NSW Planning and Environment has proposed a significant uplift on the site with an 18-storey height limit
Adjacent to the future Crows Nest Sydney Metro Station and proposed 27-storey mixed-use towers
Strong rental return through short-term accommodation options
Currently tenanted: ~$780,000* p.a.
Potential fully let income: ~$950,000 p.a.
Fitted with brand new Miele appliances
Potential strata sell down (STCA)
Panoramic harbour and district views
Ideal unit mix given local demographics
Metres from Crows Nests retail and dining precinct
Colliers International is exclusively offering the opportunity For Sale by way of Private Treaty.
*Based on 70% occupancy and excluding retail
Property History for 398 Pacific Hwy, Crows Nest, NSW 2065
- 24 Jun 2019Listed for Sale Please contact agent
- 11 Jul 2018Listed for Sale Please contact agent
Recent sales nearby
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About Crows Nest 2065
The size of Crows Nest is approximately 0.8 square kilometres. It has 4 parks covering nearly 3.0% of total area. The population of Crows Nest in 2016 was 4798 people. By 2021 the population was 4974 showing a population growth of 3.7% in the area during that time. The predominant age group in Crows Nest is 30-39 years. Households in Crows Nest are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Crows Nest work in a professional occupation.In 2021, 44.40% of the homes in Crows Nest were owner-occupied compared with 46.10% in 2016.
Crows Nest has 4,096 properties. Over the last 5 years, Houses in Crows Nest have seen a 25.15% increase in median value, while Units have seen a 21.11% increase. As at 31 December 2025:
- The median value for Houses in Crows Nest is $2,861,341 while the median value for Units is $1,152,912.
- Houses have a median rent of $995 while Units have a median rent of $750.
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