CBRE as the exclusive sales agent are pleased to present to market 50 Kalang Road, Elanora Heights. The property is a three storey multi-tenanted freehold commercial building with development upside (STCA). 50 Kalang Road comprises four (4) ground floor tenancies including a restaurant, medical facility, café, and an office. The first floor contains a large squash centre along with a sports bar, gym, and an inviting outdoor seating area. A modern residential apartment is located on the second floor with a large veranda offering spectacular views towards Narrabeen Beach. A total of 21 car parking spaces are available to the site, including 15 basement parking spaces. All suites are currently leased providing a passing net income of $418,509.95*
Perched on a prominent 1,314sqm* corner block with two large street frontages and a floor area of 1,173.83sqm*. The elevated property enjoys breathtaking water views across the Pacific Ocean out to the horizon. The site's flexible B2 Local Centre zoning offers the opportunity to refurbish and reposition, redevelop (STCA) or land bank. Situated in the heart of the bustling Elanora Heights Village servicing the local affluent community amongst busy shops, an IGA, Dan Murphy's, and bus facilities to the greater Northern Beaches, Chatswood, North Sydney, and Sydney CBD.
50 Kalang Road, Elanora Heights benefits from the following key attributes:
-Three storey multi-tenanted commercial freehold property enjoying elevated water views
-Comprises restaurant, medical facility, cafe, office, squash courts, gym, bar & apartment
-Net income: $418,509.95* per annum
-Site Area: 1,314sqm*
-Floor area: $1,173.83sqm*
-High exposure corner block location with two large street frontages.
-A short drive to the crystal-clear water and white sand of Narrabeen Beach and Narrabeen Lagoon
-Situated in the heart of Elanora Heights Village amongst busy shops serving the affluent local community
-B2 Local Centre zoning allowing for development upside (STCA)
-Great accessibility only meters from Powderworks road and bus services to the greater Northern Beaches, Chatswood, North Sydney, and Sydney CBD
50 Kalang Road, Elanora Heights will be sold via an online Public Auction on Tuesday 24th of August 2021 at 10.30am at AuctionWORKS (live stream & online bidding available).
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
