BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:Fully Leased Freehold Asset with Development Upside\nUpstate Co mmercial are pleased to present this high-profile mixed-use commercial fre ehold asset\, offering a rare opportunity to secure a strategic holding wi th significant future development upside in the heart of Dee Why. Prominen tly positioned along one of the Northern Beaches' busiest arterial roads\, the property benefits from exceptional exposure\, strong passing traffic and a versatile existing configuration\, providing immediate appeal to inv estors while presenting compelling potential for future redevelopment and value creation (STCA).\n\nFully leased\, across 23 x separate tenancies an d spread over 2 levels\, this building boasts rear lane and pedestrian wal k through traffic from Fisher Road. Offering solid upside through refurbis hment upgrades\, rent reversions or favourable development controls\, this asset has loads of opportunity in a tightly held precinct. \n\n* Total Bu ilding area: 1\,045m2\n* Land area: 577m2\n* Freehold commercial/retail as set right in the heart of Dee Why\n* Ground floor retail and first floor o ffice/retail spaces\n* Spread the investment risk with diverse income type s\n* Upside benefits\; Refurbish to maximising returns\, rental reversions and utilising current development controls into the future\n* Fully lease d to multiple business types over 23 separate tenancies with demo clauses aligned\n* Shared amenities for all tenancies on both floors of the buildi ng\n* High growth suburb that is undergoing significant surrounding reside ntial developments\n* Metres from Dee Why town centre\, main road bus tops \, shopping centres and multiple public car parks\n* Significant exposure and signage opportunities\n* Development Controls: MU1 Mixed Use\, 27m Hei ght\, FSR 4:1 (Possible 2308sqm GFA permissible) \n* Total Current Gross R ent: $381\,053 + GST per annum approx..\n\nNew developments in the Town Ce ntre precinct are attracting huge interest. Dee Why is undergoing a massiv e transformation. This building is within the growing retail/commercial ar ea which will continue to benefit from the development and close proximity of high profile residential developments\, beautiful beaches and public t ransport.\n\nSituated on the western side of Pittwater Road in Dee Why's T own Centre within walking distance from multiple large public car parks. C lose to the major banks\, Meriton shopping precinct\, Woolworths\, Coles\, Dee Why Grand Shopping Centre and only metres from the main B Line bus st op\, arguably the busiest bus stop on the Northern Beaches. Dee Why is wel l serviced by banks\, 4 x supermarkets and various retailers\, it has a la rge and diverse population that is about to expand dramatically with all t he nearby developments evolving the suburb.\n\nCall Vincent West on 0403 4 44 000 or Oliver Rosati 0428 877 888 today for your inspection.\n\n**All r entals are per annum and quoted areas/measurements are approximations only ** DTEND:20260924T183000 DTSTAMP:20260828T073631Z DTSTART:20260924T173000 LOCATION:Upstate SEQUENCE:0 SUMMARY:Auction: 675 Pittwater Road\, Dee Why NSW UID:CRE-2021111401-Auction X-ALT-DESC;FMTTYPE=text/html:

Fully Leased Freehold Asset with Deve lopment Upside
Upstate Commercial are pleased to present this high-p rofile mixed-use commercial freehold asset\, offering a rare opportunity t o secure a strategic holding with significant future development upside in the heart of Dee Why. Prominently positioned along one of the Northern Be aches' busiest arterial roads\, the property benefits from exceptional exp osure\, strong passing traffic and a versatile existing configuration\, pr oviding immediate appeal to investors while presenting compelling potentia l for future redevelopment and value creation (STCA).

Fully l eased\, across 23 x separate tenancies and spread over 2 levels\, this bui lding boasts rear lane and pedestrian walk through traffic from Fisher Roa d. Offering solid upside through refurbishment upgrades\, rent reversions or favourable development controls\, this asset has loads of opportunity i n a tightly held precinct.

* Total Building area: 1\,045m2 < br/> * Land area: 577m2
* Freehold commercial/retail asset right in the heart of Dee Why
* Ground floor retail and first floor office/re tail spaces
* Spread the investment risk with diverse income types < br/> * Upside benefits\; Refurbish to maximising returns\, rental reversio ns and utilising current development controls into the future
* Full y leased to multiple business types over 23 separate tenancies with demo c lauses aligned
* Shared amenities for all tenancies on both floors o f the building
* High growth suburb that is undergoing significant s urrounding residential developments
* Metres from Dee Why town centr e\, main road bus tops\, shopping centres and multiple public car parks * Significant exposure and signage opportunities
* Development C ontrols: MU1 Mixed Use\, 27m Height\, FSR 4:1 (Possible 2308sqm GFA permis sible)
* Total Current Gross Rent: $381\,053 + GST per annum approx ..

New developments in the Town Centre precinct are attractin g huge interest. Dee Why is undergoing a massive transformation. This buil ding is within the growing retail/commercial area which will continue to b enefit from the development and close proximity of high profile residentia l developments\, beautiful beaches and public transport.

Situ ated on the western side of Pittwater Road in Dee Why's Town Centre within walking distance from multiple large public car parks. Close to the major banks\, Meriton shopping precinct\, Woolworths\, Coles\, Dee Why Grand Sh opping Centre and only metres from the main B Line bus stop\, arguably the busiest bus stop on the Northern Beaches. Dee Why is well serviced by ban ks\, 4 x supermarkets and various retailers\, it has a large and diverse p opulation that is about to expand dramatically with all the nearby develop ments evolving the suburb.

Call Vincent West on 0403 444 000 or Oliver Rosati 0428 877 888 today for your inspection.

**Al l rentals are per annum and quoted areas/measurements are approximations o nly**

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