882A Pittwater Road, Dee Why, NSW 2099

Development/Land

For Sale Contact Agent

  • Property ID: 449312
  • Land Area: 234m²
  • Occupancy: Vacant
DA Approved 20 Room Boarding House in the Heart of Dee Why

Upstate are pleased to offer this outstanding DA approved development opportunity situated in the highly desirable and everchanging beachside suburb of Dee Why.

On offer is a very rare opportunity to acquire a perfect Build to Rent Investment in the heart of Dee Why, an area that has been transformed over the recent years with its new revitalized town centre and shopping precinct. This asset provides astute developers and investors an amazing opportunity to purchase, develop and either rent and hold or on-sell as a completed asset with a strong rental return.

* Land size: 234m2
* DA approved for 20 rooms (17 double rooms & 3 single rooms) – Some larger 'One Bedroom Style' plans
* Site also comes with 3 commercial office spaces and 1 retail (café) offering for diversification
* Potential Net Return once fully completed = $615,000 + GST Net
* B Line bus stop right at your doorstep – perfect for tenant appeal
* Opportunity to diversify your investment portfolio or development pipeline
* Build to Rent Offering and solid long term investment opportunity
* Strong population and demographic trends
* Flexible Development Controls – MU1 Mixed Use, 27m Height Limit, 4:1 FSR
* Exponential rental growth and capital appreciation forecasts - with less than 1% 2099 rental vacancy rates and 9.7% rental growth in Sydney over the last 5 years
* Excellent long term cashflow opportunity
* Unique asset in key Northern Beaches location
* CC to be provided prior to settlement

The site is strategically located right in the Dee Why town centre and at the main public transport bus stop within close proximity to Dee Why Beach and Warringah Mall catering for the ultimate convenience the local population is after. The new Northern Beaches hospital, Warringah Mall upgrades, Dee Why Master Plan, Brookvale Master Plan, Dee Why PCYC, B-Line rapid transit system and proposed Northern Beaches tunnel, combined with a lack of development in the region have ensured that the Northern Beaches is a blue chip location for development.

Available on request via a shared link is all due diligence information including:
* Information Memorandum
* DA Documentation
* Consent
* Projected Income & Expenditure

For any further information, please contact Vincent West on 0403 444 000, Peter Mosedale on 0408 177 207 or Oliver Rosati on 0428 877 888.

Dee Why Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $9384 $573 6.10%
Offices $7973 $392 4.92%
Industrial --- $433 ---
This is the average advertised price, rent and yield for Dee Why, NSW 2099*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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