SOLD
Sold on 05 Apr 2024 for $1,100,000

9/1 Moore Road
Freshwater NSW 2096

Bedrooms: -
Bathrooms: -
Car spaces: 85
Land area: 1913m2
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Property Details for 9/1 Moore Rd, Freshwater

Building Type
Commercial
Land Size
1913m2
Local Government
Northern Beaches
Lot/Plan
9/SP23069

Last Listing description (November 2020)

Cushman & Wakefield is pleased to present to the market Lot 9 - Freshwater Village at 1-3 Moore Road, Freshwater for Sale via Auction.

The property has the following key characteristics:

- Long standing tenant with renewed 5 year lease

- Maria Poole Hair Design - One of Freshwaters local leading hair & beauty design retailers with over 10 years occupation
- Proven hair & beauty tenancy with over 20+ years of occupation in the same location
- Affordable & rare to market Sydney metropolitan investment
- Valuable essential services tenant
- Easily managed single tenant investment
- Freshwater Village Shopping Centre - Freshwaters sought after commercial & retail precinct leased to Freshwaters core essential service providers
- Rare Northern Beaches location situated 450m to Freshwater Beach, 3 km to world renowned Manly Beach & minutes to Manly CBD
- Attractive 3.5% fixed annual increases providing guaranteed income growth
- Net Income $51,330 pa + GST

The properties are for sale by way of Cushman & Wakefield Investment Auction. The Auction will be conducted at a Sydney based location on Thursday 5 November at 12 noon AEDT.

Prospective purchasers and interested parties in this tenanted investment will have access to remote bidding facilities in both Brisbane and Melbourne.

Should you have interest in bidding on the property, please contact the exclusively appointed property professionals at Cushman & Wakefield.

Property History for 9/1 Moore Rd, Freshwater, NSW 2096

A timeline of how this property has performed in the market
Last Sold
$1,100,000
05 Apr 2024
  • 05 Apr 2024
    Sold for $1,100,000
  • 05 Nov 2020
    Sold for $1,200,000
  • 08 Oct 2020
    Listed for Sale Contact Agent
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About Freshwater 2096

The size of Freshwater is approximately 1.8 square kilometres. It has 7 parks covering nearly 10.2% of total area. The population of Freshwater in 2011 was 8,251 people. By 2016 the population was 8,858 showing a population growth of 7.4% in the area during that time. The predominant age group in Freshwater is 30-39 years. Households in Freshwater are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Freshwater work in a professional occupation. In 2011, 62.3% of the homes in Freshwater were owner-occupied compared with 60.2% in 2016.

Freshwater has 4,472 properties. Over the last 5 years, Houses in Freshwater have seen a 49.23% increase in median value, while Units have seen a 33.85% increase. As at 30 November 2024:

  • The median value for Houses in Freshwater is $3,463,240 while the median value for Units is $1,206,690.
  • Houses have a median rent of $1,150 while Units have a median rent of $750.
There are currently 6 properties listed for sale, and 10 properties listed for rent in Freshwater on OnTheHouse. According to CoreLogic's data, 183 properties were sold in the past 12 months in Freshwater.

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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.