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SOLD
22-24 Lagoon Street, Narrabeen, NSW 2101
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Property Highlights

DA APPROVED BOUTIQUE DEVELOPMENT SITE

Full Information memorandum, all planning, approvals, reports and supporting documents available please email agent for access

We are the strongest project marketing and site sales business having sold over 80 projects, 13 billion in value and 1700 properties off the plan in our region. We can give projected revenues, sell through rates and examples of our previous projects sales and success to give you confidence in the GR and the sell through rate you require.
The site is located on the comer of Wellington Street and Lagoon Street, Narrabeen Beach. The current owners have a DA approved SEPP 5 scheme prepared of 9 luxury living apartments with lift access, ample parking and many with direct lake views.

* 9 Luxury apartments & 18 car spaces
* District and water views - Total land size 1,114sqm
* Targeting downsizers and owner occupiers
* Rental income approximately $119,080 pa
* Outgoing costs approximately $30,121 pa
* Corner block position with easy and efficient access
*Low side access for efficient basement excavation
* Positioned between Narrabeen beach and lake

What excites us most as the selling agent is the end stock it is pitched not at the top of the market and not the bottom ensuring there is not a lot of competing stock in this space. The properties are aligned with owner occupiers and downsizers who we see as the strongest sector of the market. We have strong confidence in the ability make enough sales for you to get construction underway.

The area is fantastic and has been undergoing a gentrification through low rise development over the past 5-10 years and offers a beach lifestyle with level access to all amenities including restaurants, supermarket and local strip retail along Pittwater Road. There is direct access to express city buses within 200m as well as the vehicular corridor of the Wakehurst Parkway and Mona Vale Road to enable easy access to the city and the west.

Remember to mention you found this property on DevelopmentReady

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