Dee Why's transformation is massive: Raine & Horne Commercial

A freehold retail investment located at 20 Howard Avenue, Dee Why, which is generating a net income of $214,844 per annum is under offer following its February marketing.

Dee Why was undergoing a massive transformation and this has accelerated rapidly with the introduction of the Town Centre Master Plan, listing agent agent, Vincent West, of Raine & Horne Commercial Northern Beaches said.

On offer was a fully-occupied 840 square metre GLA freehold retail investment.

“This property has plenty of development potential as a consequence of its location in the Dee Why town centre,” said Mr West.

“It’s also perfect for astute investors as it has 5 long-term tenants and comes with the potential for future capital growth.”

“This landmark building is within the growing retail and commercial precinct, which will continue to benefit from the Dee Why’s transformation, and its close proximity to high profile residential developments, beautiful beaches and public transport.”