64 May RoadNarraweena NSW 2099
Property Details for 64 May Rd, Narraweena
64 May Rd, Narraweena is a 0 bedroom, 0 bathroom House. The property has a land size of 198m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 0 bedroom House sold in Narraweena in the last 12 months.
Last Listing description (November 2023)
The subject property is superbly located in one of the Northern Beaches' most desirable suburbs; beaches, cafes, restaurants and transport are all just a short stroll away. The property is well situated in close proximity to major arterial roads such as Pittwater Road and Warringah Road, providing key connectivity to the surrounding suburbs.
Shore Commercial Property, as the exclusive selling agent, is pleased to present 64 - 68 May Road, Narraweena. The property represents a unique opportunity to acquire a quality investment opportunity with the possible upside of residential development (S.T.CA) in a tightly held retail precinct. This building has been recently renovated with little Italy caf / deli operating from two of the three shops.
Two freehold titles
Total Building area: 237m (approx)
3 x retail shops & 3 x storage garages
Rear loading and parking
Potential total income if fully leased: $210,000 pa (excl
GST)
Approximate current gross income: $157,800pa (excl GST)
Two street access, including rear access from Poplar Lane
Existing refurbished single-storey retail building
Zoned E1 Local Centre
Building height limit of 8.5 meters
Potential redevelopment into a mixed-use development
(S.T.C.A)
Potential to build retail and two levels of residential
(S.T.C.A)
Positioned in the popular May Road retail precinct with
outstanding exposure to Warringah Road.
27 x Council car parking spaces located at the front of the
retail strip servicing the centre.
For further information, please contact the exclusive selling agents below.
Property History for 64 May Rd, Narraweena, NSW 2099
- 11 Dec 2023Sold for $3,250,000
- 13 Oct 2023Listed for Sale Contact Agent
- 21 Dec 2018Sold for $1,200,000
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0About Narraweena 2099
The size of Narraweena is approximately 1.8 square kilometres. It has 14 parks covering nearly 5.7% of total area. The population of Narraweena in 2011 was 6,143 people. By 2016 the population was 6,592 showing a population growth of 7.3% in the area during that time. The predominant age group in Narraweena is 40-49 years. Households in Narraweena are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Narraweena work in a professional occupation. In 2011, 63.9% of the homes in Narraweena were owner-occupied compared with 62.9% in 2016.
Narraweena has 2,533 properties. Over the last 5 years, Houses in Narraweena have seen a 53.44% increase in median value, while Units have seen a 30.85% increase. As at 31 October 2024:
- The median value for Houses in Narraweena is $2,265,848 while the median value for Units is $1,101,385.
- Houses have a median rent of $1,100 while Units have a median rent of $715.
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