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*
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:
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