198 Condamine Street, Balgowlah, NSW, 2093

Upstate Commercial, as exclusive agents, are pleased to present this once in a lifetime investment opportunity within one of the Northern Beaches' most strategically positioned and tightly held commercial precincts. Boasting, arguably, the most exposed location on the Northern Beaches, this asset has been held in the same family for more than 65 years. Prominently located at 198 Condamine Street, Balgowlah in a flexible zoning, this high-quality asset is anchored on a 10 year lease by Coco Republic, one of Australia's most recognised and established luxury furniture and lifestyle brands.

This asset is positioned at the gateway to the greater Northern Beaches and is very well known for its super-sized Ooh Media billboard prominently positioned on the rooftop for the highest passing traffic rate on the Northern Beaches.

The property represents a secure, long-term, multi-tenanted investment underpinned by a national tenant, strong underlying land value with a broad use zoning, and a prime position along one of the Northern Beaches' key arterial corridors.

* Total building area: 3,643sqm

* Land area: 2,552sqm

* One of the most recognised buildings on the Northern Beaches with huge exposure

* Multi-tenanted premium investment with secure tenants in showroom, retail, residential and industrial

* Anchored by Coco Republic, a high-profile national retailer with a strong brand presence

* Oversized rooftop billboard and 3 x Category A telco mobile stations adding additional income and long term security

* Unbeatable presence with an approximate 105m frontage

* Purpose built, energy efficient and architecturally designed building offering huge benefits

* Strategic Northern Beaches location with excellent exposure to high daily traffic volumes

* Strong and diverse rental income supported by quality covenants

* Attractive long-term investment fundamentals underpinned by limited supply of comparable assets

* Significant underlying land value in a tightly held commercial corridor

* Ideal for investors seeking stable income with long-term capital appreciation

* Surrounded by majors like Freedom, King Living, Harvey Norman, Bunnings, Bing Lee, Woolworths, Aldi,

Strategically positioned within close proximity to Stockland Balgowlah Shopping Centre, Manly Vale, and surrounding lifestyle and retail amenity, 198 Condamine Street benefits from exceptional connectivity and accessibility. The property enjoys direct access to major transport routes linking the Northern Beaches with Sydney's CBD, ensuring continued relevance and desirability for occupiers and investors alike.

Balgowlah continues to evolve as a key Northern Beaches commercial and retail hub, supported by strong demographic growth, ongoing infrastructure investment, and limited availability of high-quality freehold investment stock. Premium assets anchored by nationally recognised tenants are rarely offered, positioning 198 Condamine Street, Balgowlah as a compelling and secure investment opportunity.

Expressions of Interest closes 11th March 2026.

Call Vincent West on 0403 444 000 or Oliver Rosati 0428 877 888 today for your inspection.

** All rentals are per annum and quoted areas/measurements are approximations only **

Remember to mention you found this property on CommercialReady