Secure a rare and highly sought-after commercial asset in the absolute heart of Dee Why. This iconic freehold building stands as an irreplaceable landmark along Pittwater Road.
Known as Weight House, the property was the very first office tower developed in Dee Why by the renowned Woodrow Weight, a key figure in shaping the commercial landscape of the Northern Beaches. This is your opportunity to own a significant piece of local history while benefiting from a secure and diverse income stream.
Exclusive agents NOVAK Properties are proud to offer this exceptional freehold opportunity for the first time. Positioned within the Dee Why Town Centre, the building enjoys prime exposure, strong foot traffic, and unparalleled convenience to major transport links, retail, dining, and lifestyle amenities.
This solid four-storey commercial building comprises nine individual strata lots, complemented by a valuable rooftop area that delivers additional income via a long standing Telstra phone tower lease. The incoming purchaser will inherit a stable income profile supported by a strong mix of professional and established tenants, anchored on the ground floor by well renowned Raine and Horne real estate agency.
With a generous net lettable area of 1,281m2, the asset produces a strong gross income of $530,952 + GST per annum.
The tenancy mix offers excellent diversification, minimising risk and maximising long-term security for investors.
The building's flexible floor plates and central location, mixed use zoning and 27m height limit, creates endless opportunities for repositioning, refurbishment, redevelopment or further value add opportunities (STCA).
A long-held cornerstone of Dee Why's commercial district, 685 Pittwater Road is a blue-chip investment that rarely becomes available. Whether you're an experienced investor, a land bank strategist, or a commercial owner occupier seeking future possibilities, this high exposure freehold property is a must consider opportunity.
"All information contained herein is provided by third party sources including but not limited to the owners/developers, valuers and solicitors. Consequently, we cannot guarantee its accuracy. Any person using this information should rely on their own enquiries and verify all relevant details for their accuracy, effect and currency."
Air Conditioning
Carpeted
Close to Schools
Close to Shops
Close to Transport
Existing Fitout
Kitchenette