SOLD
Sold on 11 Apr 2024 for $925,000

20/7 Narabang Way
Belrose NSW 2085

Bedrooms: -
Bathrooms: -
Car spaces: 5
Land area: 28419m2
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Property Details for 20/7 Narabang Way, Belrose

Building Type
Commercial
Land Size
28419m2
Local Government
Northern Beaches
Lot/Plan
20/SP65901

Last Listing description (November 2023)

Estate Business Park boarders the Garigal National Park in Belrose's Austlink business district, centrally located with direct access via Mona Vale Road & Forestway to the Northern Beaches & North Sydney commercial centres.

Comprising two separate adjoining strata allotments, this superb investment offers the astute investor to secure a premium asset with an excellent corporate tenant in place.

Key Features Include;

- Strata area = 202sqm (approx.)
- Five (5) car spaces
- 5 private offices + boardroom
- Spacious setting with reception area
- Exclusive outdoor courtyard / breakout area
- Premium tenant in place
- 6-6.5% nett rental yield
- Current Rent = $75,000 pa gross plus GST
- Current Outgoings = $9,740 pa (approx.)
- Lease Expiry 30/04/2025 with a further 2 year option
- Air conditioned throughout
- Neatly positioned at the entry to the estate
- Internal full kitchen
- Sought after location

A bread and butter investment and great addition to the investment portfolio.

For more information, contact Sam Donato on 0420 986 213.

Property History for 20/7 Narabang Way, Belrose, NSW 2085

A timeline of how this property has performed in the market
Last Sold
$925,000
11 Apr 2024
Listed for Rent
$1.44k/w
09 May 2023
  • 11 Apr 2024
    Sold for $925,000
  • 23 Oct 2023
    Listed for Sale Contact Agent
  • 01 Mar 2023
    Listed for Rent - Price not available
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About Belrose 2085

The size of Belrose is approximately 14 square kilometres. It has 21 parks covering nearly 24.9% of total area. The population of Belrose in 2011 was 8,287 people. By 2016 the population was 8,800 showing a population growth of 6.2% in the area during that time. The predominant age group in Belrose is 40-49 years. Households in Belrose are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Belrose work in a professional occupation. In 2011, 87.6% of the homes in Belrose were owner-occupied compared with 84.2% in 2016.

Belrose has 4,136 properties. Over the last 5 years, Houses in Belrose have seen a 53.39% increase in median value, while Units have seen a 10.63% increase. As at 31 October 2024:

  • The median value for Houses in Belrose is $2,347,250 while the median value for Units is $831,176.
  • Houses have a median rent of $1,400 while Units have a median rent of $550.
There are currently 20 properties listed for sale, and 5 properties listed for rent in Belrose on OnTheHouse. According to CoreLogic's data, 150 properties were sold in the past 12 months in Belrose.

Suburb Insights for Belrose 2085

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.