1303 Pittwater RoadNarrabeen NSW 2101
Property Details for 1303 Pittwater Rd, Narrabeen
Last Listing description (October 2020)
KEY FEATURES:
$101,200.00 p.a.* - stable income
Positively geared investment*
3 apartments + secure long term leased retail shop
First time offered in 55 years - since 1965
125 meters to the sands of Narrabeen Beach - approx.
250 meters to Narrabeen Lake - approx.
Water views
This property spells opportunity whichever way you look at it. Freehold building with a mix of residential and retail incomes. A super safe investment that will see you through even the most uncertain of times.
The ground floor is occupied by a successful retail food outlet that offers iconic burgers to loyal clientele. Upstairs is a mix of residential apartments that enjoy a long history of high occupancy. Tenants literally line up to secure a home this close to the beach.
If you are looking for an investment that will provide rock solid returns, secure tenants, and the scope to add value and add income, then this is for you.
OPEN FOR INSPECTION: Thursdays 11:00am - 11:30am & Saturdays 2:45pm - 3:15pm
For sale via Public Auction:
Tuesday 29th September 6:00pm onsite
Call now for a detailed information package, please contact Nick Moloney.
*This is guide only and subject to individual financials circumstance and based on the price guide of $1,770,000.
*Is based on the 1 bedroom being rented at $480 per week / $25,000 p.a.
Property History for 1303 Pittwater Rd, Narrabeen, NSW 2101
- 29 Sep 2020Sold for $1,820,000
- 01 Sep 2020Listed for Sale AUCTION
- 03 Dec 2018Listed for Rent $480,000 / year
Recent sales nearby
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About Narrabeen 2101
The size of Narrabeen is approximately 4.6 square kilometres. It has 21 parks covering nearly 13.3% of 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 4,403 properties. Over the last 5 years, Houses in Narrabeen have seen a 26.34% increase in median value, while Units have seen a 22.77% increase. As at 31 March 2026:
- The median value for Houses in Narrabeen is $3,449,300 while the median value for Units is $1,313,262.
- Houses have a median rent of $1,575 while Units have a median rent of $825.
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