SOLD
Sold on 04 Dec 2023 for $650,000

253/117 Old Pittwater Road
Brookvale NSW 2100

Bedrooms: -
Bathrooms: -
Car spaces: 4
Land area: 8100m2
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Property Details for 253/117 Old Pittwater Rd, Brookvale

Building Type
Commercial
Year Built
1995
Land Size
8100m2
Local Government
Northern Beaches
Lot/Plan
162/SP79892

Last Listing description (May 2019)

Light filled East facing adjoining suites on the second floor in Lifestyle Working Brookvale.
Great future leasing options, either lease the suites separately to two tenants or together as one tenant as is currently the case.

Outstanding investment, this one needs to be seen to be appreciated.

Details:

For Sale $1,237,000 excluding GST
Net rent $84,401 PA +GST (from 1-12-18)
Outgoings 100% paid by tenant
Net yield 6.82%
Lease end 30-11-2020 Plus 2 X 3-year options
Net lettable area of 71.7 + 76.7 = 148.4 sqm
4 Car Spaces in tandem.



What makes this complex different?
Lifestyle Working is not your typical commercial development. This is the only strata building to have a 5.5-star Energy and 6-star Water NABERS rating certification in Australia. With an innovative design concept, it encompasses sustainable principles, the natural environment and the lifestyle of the Northern Beaches.

The varied types of occasional and formal meeting points create activity and vitality within the building. The design and layout enhances the amount of natural light and air flow throughout the complex. But its not just the design and functionality that makes Lifestyle Working different it is all the extras that come included.

There is:
The heated lap pool have a swim before work or at lunch time or after work.
The high-tech meeting rooms fully fitted for presentations you dont need to waste space or fitout meeting rooms just choose the one that suits your meeting needs from 4 people to 20 people.
Common break out areas you dont need to go far to find a nice spot to have your lunch or have an informal meeting. If you just want to get out of the office and work outside for a while you will find the space here.
With the latest WIFI technology internet access is available throughout the central common areas of the building at no extra cost. Additionally, each tenancy has the internet connected with its own IP address.

Please contact Robert or Leigh to request more information or to arrange an inspection:

Property History for 253/117 Old Pittwater Rd, Brookvale, NSW 2100

A timeline of how this property has performed in the market
Last Sold
$650,000
04 Dec 2023
  • 04 Dec 2023
    Sold for $650,000
  • 27 Mar 2019
    Listed for Sale $1,237,000
  • 18 Oct 2018
    Listed for Sale $1,237,000
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About Brookvale 2100

The size of Brookvale is approximately 2.2 square kilometres. It has 4 parks covering nearly 9.5% of total area. The population of Brookvale in 2011 was 2,588 people. By 2016 the population was 3,148 showing a population growth of 21.6% in the area during that time. The predominant age group in Brookvale is 30-39 years. Households in Brookvale are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Brookvale work in a professional occupation. In 2011, 54.8% of the homes in Brookvale were owner-occupied compared with 53.9% in 2016.

Brookvale has 4,424 properties. Over the last 5 years, Houses in Brookvale have seen a 59.25% increase in median value, while Units have seen a 37.45% increase. As at 31 October 2024:

  • The median value for Houses in Brookvale is $2,600,931 while the median value for Units is $1,118,212.
  • Houses have a median rent of $950 while Units have a median rent of $725.
There are currently 13 properties listed for sale, and 17 properties listed for rent in Brookvale on OnTheHouse. According to CoreLogic's data, 135 properties were sold in the past 12 months in Brookvale.

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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.