Freehold Commercial Asset with Development Upside - Occupy, Develop or Invest
Set on a 544m2 block of land with two street frontages, Pittwater Road and Lagoon Street this DA Approved site is primed for development. Boasting a well thought out design with mix of residential and retail, this site is situated in a very convenient position and has excellent scope for builders, developers or investors to further capitalise in this lake and beachside suburb of Narrabeen.
* Land area: 544m2
* Current building area: 311m2
* DA Approval for 5 x oversized apartments and 3 x retail spaces
* Approved NSA of 676m2 + 109m2 of external space
* Currently a freehold building consisting of 2 separate shops and 1 large storage shed to the rear
* Previously occupied by CBA Bank and H&R Block
* Rectangular block of land in prime position with two street frontages (Pittwater Rd & Lagoon St)
* Land dimensions = 12.2m width x 41.8m length approx.
* DA approval comes with 9 car spaces and 1 x visitor spaces
* Well designed development with 5 x 2 bedroom apartments with E & W aspects
* 5 x huge 2 bed + study apartments with lots of outdoor space - averaging 111m2 NSA each
* Being offered with vacant possession so the site is ready for development immediately
* Positioned along a lakeside setting along the Narrabeen retail strip
* Planning Controls: 11m Height | Warringah LEP 2011
* Zoning: E1 Local Centre | Northern Beaches Council
* Develop, Invest or Occupy
Perfectly positioned in the heart of the Northern Beaches, this property offers the relaxed lifestyle and natural beauty Narrabeen is renowned for. Just moments from Narrabeen Lagoon, picturesque beaches, and scenic walking trails, it's an ideal spot for outdoor enthusiasts and nature lovers. Convenient access to local cafés, shops, and essential services ensures everyday ease, while the nearby B-Line bus service provides smooth connections to Mona Vale, Dee Why, Manly, and Sydney's CBD.
Whether you're an Owner-Occupier, Investor, or Developer, this vibrant coastal community presents a unique opportunity to enjoy and invest in one of Sydney's most desirable beachside suburbs.
Call Oliver Rosati 0428 877 888 or Vincent West 0403 444 000 today for your inspection.
**All rentals are per annum and quoted areas/measurements are approximations only**
Remember to mention you found this property on DevelopmentReady
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