1/1238-1246 Pittwater RoadNarrabeen NSW 2101
Property Details for 1/1238-1246 Pittwater Rd, Narrabeen
Last Listing description (July 2024)
Renewed, secure lease to the Commonwealth Government
Further 3 year option to 2029
Tenant in occupation since construction
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
Property History for 1/1238-1246 Pittwater Rd, Narrabeen, NSW 2101
- 01 May 2024Listed for Sale Asking Price of $2,450,000/5.75%
Recent sales nearby
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0About Narrabeen 2101
The size of Narrabeen is approximately 4.6 square kilometres. There are 21 parks, covering nearly 13.3% of the total area. The population of Narrabeen in 2016 was 8207 people. By 2021 the population was 8255 showing a population growth of 0.6% in the area during that time. The predominant age group in Narrabeen is 30-39 years. Households in Narrabeen are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Narrabeen work in a professional occupation.In 2021, 50.40% of the homes in Narrabeen were owner-occupied compared with 52.20% in 2016.
Narrabeen has 4,402 properties. Over the last 5 years, Houses in Narrabeen have seen a 2.06% increase in median value, while Units have seen a 0.24% increase. As at 31 July 2026:
- The median value for Houses in Narrabeen is $3,297,189 while the median value for Units is $1,212,989.
- Houses have a median rent of $1,600 while Units have a median rent of $850.
Suburb Insights for Narrabeen 2101
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