This is an opportunity to own a prime freestanding building with development upside in this tightly held suburb. The property offers the flexibility for an astute investor, developer, or owner occupier to reap the rewards, whilst also taking advantage of all Brookvale has to offer within the Northern Beaches' main industrial Hub.
This is a freestanding warehouse block situated on Orchard Road, one of Brookvale's most desirable streets, boasting 15.24 metres of street frontage. Currently, the property contains 2 versatile warehouses and 6 car spaces.
Originally this building was designed and developed as 4 separate warehouses, all with their own kitchen and bathroom facilities. This provides an investor a development upside by converting these back into 4 separate rental properties, increasing the return on their investment and yield.
The property is 814sqm which comprises a total of 414sqm of building area and an additional 45sqm carport to the rear of the block, suitable for undercover car parking
Properties like this don't come up very often. With the gentrification of Brookvale, this is an excellent opportunity to become a part of the change. Secure yourself a stake in the ongoing development and growth of the Brookvale industrial epicenter and enjoy the development upside this property and suburb can bring.
* Land area: 814sqm
* Additional 45sqm metal roof carport
* Building area: 414sqm
* Freehold building
* Solid brick construction
* Prime street frontage 15.24m
* Massive signage and exposure opportunities
* Corrugated asbestos roof
* Being sold as a going concern
* Contains 2 warehouses and can be reverted back to 4
* Kitchenettes and shared male and female amenities including showers
* Multiple business uses
* Zoned IN1
* 6 external parking spaces
* Perfect for investors, developers or owner occupiers
* Excellent growth opportunities
* Ripe for development or upgrade opportunities
* Potential gross rent return: circa $132,000+ GST Gross pa as 4 warehouses
Orchard Road runs perpendicular to Pittwater Road, the main arterial road that runs through the Northern Beaches. Brookvale is the economic heart of the Northern Beaches, it's our largest employment and economic precinct which services industrial and urban services needs for the whole north district and surrounding areas.
For more information, or to arrange an inspection, please call Paul Cunningham 0413 161 661.
