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Sold on 26 Apr 2024 - Price Unavailable

8/63 Veterans Parade
Collaroy Plateau NSW 2097

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
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Property Details for 8/63 Veterans Pde, Collaroy Plateau

Building Type
Commercial
Floor Size
100m2
Local Government
Northern Beaches
Lot/Plan
8/SP50833

Last Listing description (April 2024)

The North Agency Commercial have been appointed as exclusive sale agents for this exceptional commercial / retail investment opportunity located in the retail hub of Veterans Parade Collaroy Plateau. The property, owned in strata title, is being sold with a long-term lease to a well-established chemist's business strategically positioned to service not only the Plateau and surrounding suburbs, but the Narrabeen War Veterans Retirement Village which is located directly opposite. The property would be a worthy addition to any property investment portfolio. A traditionally tightly held real estate area, the opportunities to purchase an investment of the quality are rare.

Investors take note of this opportunity.

Key Features include:

* Ground level commercial / retail facility situated in thriving retail location
* A boutique contemporary mixed-use building of 8 retail shops & 5 residential units
* Exceptional street presence and exposure with easy client access from the common car park directly outside.
* Internally the shop has a modern, practical design in an open plan layout
* Mezzanine level office used for pharmaceutical supply and storage
* Lease term of 15 years with expiry date in December 2033
* Two options of 5 years to extend the lease.
* Current annual rent of $98,800 + GST Net
* Tenant pays all statutory outgoings
* Annual rent reviews to fixed percentage
* Separate Kitchen and staff area and large storage room
* Strata Area – 100 sqm (approx.) + 45 sqm mezzanine (approx.)
* Zoned E1 Local Centre under Northern Beaches Council LEP
* Public parking adjoining the building
* The property would make a great addition to any property portfolio.

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Property History for 8/63 Veterans Pde, Collaroy Plateau, NSW 2097

A timeline of how this property has performed in the market
Last Sold
26 Apr 2024
  • 14 May 2024
    Sold for $1,700,000
  • 18 May 2007
    Sold for $700,000

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About Collaroy Plateau 2097

The size of Collaroy Plateau is approximately 1.2 square kilometres. It has 5 parks covering nearly 4.5% of total area. The population of Collaroy Plateau in 2011 was 14,387 people. By 2016 the population was 4,756 showing a population decline of 66.9% in the area during that time. The predominant age group in Collaroy Plateau is 40-49 years. Households in Collaroy Plateau are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Collaroy Plateau work in a professional occupation. In 2011, 73.8% of the homes in Collaroy Plateau were owner-occupied compared with 86.7% in 2016.

Collaroy Plateau has 1,594 properties. Over the last 5 years, Houses in Collaroy Plateau have seen a 74.65% increase in median value, while Units have seen a 31.59% increase. As at 30 September 2024:

  • The median value for Houses in Collaroy Plateau is $2,865,343 while the median value for Units is $1,344,228.
  • Houses have a median rent of $1,390 while Units have a median rent of $525.
There are currently 4 properties listed for sale, and 3 properties listed for rent in Collaroy plateau on OnTheHouse. According to CoreLogic's data, 77 properties were sold in the past 12 months in Collaroy plateau.

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Rob Henderson
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Lincoln Gutherson
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The North Agency
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