OFF MARKET

1 Malcolm Street
Narrabeen NSW 2101

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 475m2
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Last updated 11 Nov 2024
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Property Details for 1 Malcolm St, Narrabeen

1 Malcolm St, Narrabeen is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 475m2. While the property is not currently for sale or for rent, it was last sold in March 2010.

Building Type
House
Land Size
475m2
Local Government
Northern Beaches
Lot/Plan
A/DP309597

Last Listing description (September 2010)

CORNER OCEAN & MALCOLM STREET NARRABEEN

Features: This is a lifestyle opportunity that simply cannot be missed. Located at the world famous North Narrabeen beach lies this local iconic building is located on the corner of Malcolm and Ocean Streets (opposite North Narrabeen SLSC) and only 25 metres diagonally opposite the recently developed North Narrabeen commercial strip.

The Caf shop front, with external deck is attached to a 3-bedroom residence featuring an internal courtyard and granny flat.
This residentially zoned property enjoys existing use rights and provides fantastic returns from both the shop front and residence.

Caf shop front features includes:

3x3 commercial lease commenced in Jan 2009.
Please note caf business is not for sale.
Market review at option
Annual 4% review
Internal space of approximately 114 square metres
Cool room
Toilet
Commercial flue
Air conditioning
Massive bi fold windows facing the ocean
External deck of approximately 50 square metres facing the ocean.

3-bedroom residence includes:

12 month lease commenced in September
Recently renovated bathroom, kitchen and lounge
Self contained granny flat (4th bedroom)
Air conditioned throughout
Beach style courtyard
Luxury outdoor 6 person spa
Off street parking for 2 cars
Private access from both streets

Looking for a lifestyle opportunity with a great investment return, this property is the one for you.

Combined rental return of $110,500 including GST

Inspection by appointment.

Council Rates: $683.75 per quarter
Water Rates: $518.00 per quarter + usage

Contact
Gordon Spring 0418 210 219 / gspring.collaroy@ljh.com.au
Kim Jeffery 0410 553 919 / kjeffery.collaroy@ljh.com.au

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Property History for 1 Malcolm St, Narrabeen, NSW 2101

A timeline of how this property has performed in the market
Last Sold
$1,675,000
23 Mar 2010
  • 23 Mar 2010
    Sold for $1,675,000
  • 11 Sep 2009
    Listed for Sale $1,950,000
  • 17 Apr 2009
    Listed for Sale Offer over $2,200,000
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About Narrabeen 2101

The size of Narrabeen is approximately 4.6 square kilometres. It has 21 parks covering nearly 13.3% of total area. The population of Narrabeen in 2011 was 7,474 people. By 2016 the population was 8,214 showing a population growth of 9.9% in the area during that time. The predominant age group in Narrabeen is 30-39 years. Households in Narrabeen are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narrabeen work in a professional occupation. In 2011, 50.2% of the homes in Narrabeen were owner-occupied compared with 52.2% in 2016.

Narrabeen has 4,345 properties. Over the last 5 years, Houses in Narrabeen have seen a 42.46% increase in median value, while Units have seen a 32.18% increase. As at 31 October 2024:

  • The median value for Houses in Narrabeen is $2,969,552 while the median value for Units is $1,188,554.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 19 properties listed for sale, and 8 properties listed for rent in Narrabeen on OnTheHouse. According to CoreLogic's data, 164 properties were sold in the past 12 months in Narrabeen.

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