SOLD
Sold on 21 Feb 2024 for $2,860,000

43 Mitchell Road
Brookvale NSW 2100

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 111m2
Land area: 556m2
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Property Details for 43 Mitchell Rd, Brookvale

Building Type
Commercial
Floor Size
111m2
Land Size
556m2
Local Government
Northern Beaches
Lot/Plan
5/DP30579

Last Listing description (October 2023)

Occupying a 556sqm prime industrial land, the 408sqm building is constructed with sturdy materials such as concrete, steel, and corrugated roofing. The front building presents an opportunity for an additional level, offering versatility to suit any business. Recently renovated, the office and reception area provide a pleasant environment for both staff and customers.

Strategically situated on the Eastern side of Mitchell Road, this property offers an exceptional investment and or owner-occupier prospect in a highly sought-after location. The freestanding building boasts optimal visibility and convenience for businesses in the IN1 or other industrial and recreational sectors. Moreover, being located on one of the most desirable roads in Brookvale further enhances its appeal to astute investors and owner-occupiers seeking a strategic investment.

The new Brookvale Master Plan proposes an increase in building heights in the area from 11 meters to 18 meters, providing not only a return on investment but also future capital growth potential. Investing in this building offers an excellent opportunity to benefit from significant growth potential. The Master Plan aims to enhance the Brookvale area, creating a more vibrant, accessible, and thriving place. Furthermore, the property is already situated between the renowned "Dad & Daves" Brewery and the exclusive Osier Belle luxury outdoor furniture, exemplifying the growing gentrification of the area.

Total land area: 556sqm
Building area: 408sqm
3 parking spaces
Air-conditioned office/reception area
Hager 3 phase power with 200amps per phase
Spray painting booth
Paint the mixing room
Staff lunchroom
Kitchenette
Large workshop areas
Bathroom with shower
Male and female amenities
Gas
Estimated rent $110,000 to $115,000 Gross + GST
Council approved as a panel beating workshop
Zoning: E4 General Industrial (Old Warringah LEP 2011 IN1 General Industrial)

Nearby services and amenities include the newly renovated Warringah Mall (941m), trade suppliers, banks, post office, a variety of eateries, as well as the new 'B Line'.

Call Paul Cunningham on 0413 161 661 or Saxon Stonehouse 0408 033 330 today for your inspection.

**All prices are per annum and quoted areas/measurements are approximations only*

Property History for 43 Mitchell Rd, Brookvale, NSW 2100

A timeline of how this property has performed in the market
Last Sold
$2,860,000
21 Feb 2024
  • 21 Feb 2024
    Sold for $2,860,000
  • 09 Jun 2023
    Listed for Sale $2,800,000 + GST
  • 20 Jun 2008
    Sold for $880,000
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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 4,425 properties. Over the last 5 years, Houses in Brookvale have seen a 56.60% increase in median value, while Units have seen a 39.98% increase. As at 30 September 2024:

  • The median value for Houses in Brookvale is $2,611,437 while the median value for Units is $1,112,733.
  • Houses have a median rent of $950 while Units have a median rent of $720.
There are currently 11 properties listed for sale, and 14 properties listed for rent in Brookvale on OnTheHouse. According to CoreLogic's data, 139 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.