POTENTIAL:
Sydney's Northern Beaches are experiencing a surge in development and infrastructure projects, driven by the overflow from the bustling areas of Macquarie Park, North Ryde, and Chatswood. This trend is generating increasing interest from tenants seeking campus-style properties with ample car parking, yet without the premium prices of the more established northern suburb commercial hubs.
This exceptional commercial property presents a robust investment with a strong rental income and significant redevelopment potential. Currently yielding over $1,000,000 per annum in gross rent, with net costs of approximately $300,000, the property offers a healthy and stable income stream.
- Location: Northern Beaches, Sydney
- Land Size: Approx. 6,454m2
- Building Size: Approx. 3,518m2
- Annual Gross Rent: Just over $1,000,000
- Net Costs: Approx. $300,000
PROPERTY:
This property offers an outstanding investment opportunity with stable income and substantial growth potential through redevelopment. With the dynamic development in the surrounding areas, now is the perfect time to invest in Sydney's Northern Beaches and capitalize on the rising demand for versatile commercial spaces.
- High Rental Yield: Secure an attractive income with gross rent exceeding $1,000,000 per annum.
- Cost Efficiency: Manageable net costs of approximately $300,000 per annum.
- Redevelopment Opportunity: Potential to DA for conversion to alternative uses, enhancing future value.
- Strategic Location: Benefit from the ongoing development and infrastructure expansion in Sydney's Northern Beaches.
- Niche Market Appeal: Ideal for tenants looking for large, campus-style spaces with abundant car parking, without the high costs of more central commercial areas.
For further details and to arrange an inspection, please contact agent. Don't miss this chance to secure a prime commercial property in one of Sydney's most rapidly developing regions.
DISCLAIMER: While Richard Matthews Real Estate have taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Richard Matthews Real Estate urge prospective purchasers to make their own inquiries to verify the information contained herein.
The size of Frenchs Forest is approximately 8.4 square kilometres. It has 36 parks covering nearly 19.2% of total area. The population of Frenchs Forest in 2011 was 13,191 people. By 2016 the population was 13,467 showing a population growth of 2.1% in the area during that time. The predominant age group in Frenchs Forest is 40-49 years. Households in Frenchs Forest are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Frenchs Forest work in a professional occupation. In 2011, 87.9% of the homes in Frenchs Forest were owner-occupied compared with 84.7% in 2016.
Frenchs Forest has 5,152 properties. Over the last 5 years, Houses in Frenchs Forest have seen a 48.80% increase in median value, while Units have seen a 29.78% increase. As at 31 October 2024:
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