FOR SALE
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71-75 Willoughby Road
Crows Nest NSW 2065

Bedrooms: -
Bathrooms: -
Car spaces: 5
Floor area: 840m2
Land area: 680m2
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EXCEPTIONAL FREEHOLD DEVELOPMENT OPPORTUNITY | LANDMARK CORNER POSITION

Ray White Commercial Sydney North as the exclusive selling agent is pleased to present 71 - 75 Willoughby Road, Crows Nest for sale by Private Treaty.
This property offers a rare opportunity to secure a landmark corner location in a highly sought-after position, situated on the premier retail strip of Willoughby Road, Crows Nest with outstanding mixed use redevelopment potential (STCA).
Spanning an impressive 680 sqm* of land, the site currently comprises a mix of retail and commercial tenancies on varying expiry dates, as well as 5 car spaces.
This impressive site in a high-profile corner location affords outstanding exposure with over 58m* of frontage to Willoughby Road and Holtermann Street as well as rear lane access via Hospital Lane. It is surrounded by long standing and high-profile retailers and service providers including Coles, Woolworths, Guzman Y Gomez, Grill'd, The Crows Nest Hotel, Chemist Warehouse, Westpac, St George Bank, Commonwealth Bank and many more. The site is adjacent to North Sydney Council's Holtermann Street car park with over 400 car spaces*.
The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. It also benefits from excellent holding income. The MU1 Mixed Use Zoning and 10m height limit offers future redevelopment upside (STCA).
71 - 75 Willoughby Road, Crows Nest is surrounded by easy access to public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches. The location is further enhanced by its proximity to the new Crows Nest Metro Station, 160m* from the property with pedestrian access directly opposite which is expected to be operational in mid 2024. The $20B Sydney Metro project will deliver the first fully automated metro rail system in the country, with trains set to run every 3-4 minutes, enabling efficient travel from Crows Nest to the Sydney CBD in just 7 minutes*.
Property Highlights:
• First Time offered in 30 years*
• Prime 680 sqm* Land Area
• Over 58m* Street Frontage + Laneway Access
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Property Details for 71-75 Willoughby Rd, Crows Nest

Building Type
Commercial
Floor Size
840m2
Land Size
680m2

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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% of total area. The population of Crows Nest in 2011 was 4,048 people. By 2016 the population was 4,814 showing a population growth of 18.9% 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 2011, 50.9% of the homes in Crows Nest were owner-occupied compared with 46.1% in 2016.

Crows Nest has 4,111 properties. Over the last 5 years, Houses in Crows Nest have seen a 40.92% increase in median value, while Units have seen a 28.35% increase. As at 31 August 2024:

  • The median value for Houses in Crows Nest is $2,834,389 while the median value for Units is $1,147,973.
  • Houses have a median rent of $1,050 while Units have a median rent of $650.
There are currently 13 properties listed for sale, and 18 properties listed for rent in Crows nest on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Crows nest.

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Logan Grisaffe
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