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1A Devonshire St - Alexander Residences 818 SF Retail Condo Unit in Crows Nest, NSW 2065
Investment Highlights
- Corner position within a boutique luxury development offering maximum visibility.
- Prominent north-facing frontage with abundant natural light year-round.
- Just 450 meters from the soon-to-open Crows Nest Metro Station for effortless connectivity.
- Positioned near Crows Nest’s vibrant retail and dining precinct with national tenants including Coles, Woolworths, and Chemist Warehouse.
Executive Summary
1A Devonshire Street, Crows Nest is a recently completed boutique mixed-use development known as "Alexander Residences." The building comprises nine high-end residential apartments above ground-floor commercial suites. It occupies a corner position at the intersection of Alexander Street and Devonshire Street within the North Sydney local government area.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 2 |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
Description
The property is located at street level of Alexander Residences at the corner of Alexander Street and Devonshire Street in Crows Nest, NSW. It is approximately 450 meters from the planned Crows Nest Metro station and within walking distance to the Willoughby Road retail strip. The surrounding area includes major retailers such as Coles, Woolworths, and other national brands. Devonshire Street provides wide vehicular access with street parking and is lined with trees, creating a low-traffic environment. The property includes dual frontage with building signage potential.
Sale Notes
Suite G02 offers investors a highly structured income stream in the heart of Crows Nest Village. Positioned at street level within the premium Alexander Residences development, this property enjoys a corner location with exceptional visibility along Devonshire Street. Currently leased to a high-end Pilates and fitness studio, the tenancy features a secure 3-year lease with a 3-year option, delivering a net income of $53,200 per annum plus GST. Annual rent increases of 4% enhance long-term value, while full outgoing recoveries provide stable returns.
The property’s design emphasizes natural light, thanks to its generous north-facing windows and wide street frontage. Two allocated secure parking spaces further enhance convenience for both tenants and visitors. Located within walking distance to the vibrant Willoughby Road retail strip and just 450 meters from the upcoming Crows Nest Metro Station, the asset benefits from unparalleled accessibility and local amenities. With ample street parking on Devonshire Street and proximity to major retailers such as Coles and Woolworths, this property combines immediate income security with strong capital growth potential.
The property’s design emphasizes natural light, thanks to its generous north-facing windows and wide street frontage. Two allocated secure parking spaces further enhance convenience for both tenants and visitors. Located within walking distance to the vibrant Willoughby Road retail strip and just 450 meters from the upcoming Crows Nest Metro Station, the asset benefits from unparalleled accessibility and local amenities. With ample street parking on Devonshire Street and proximity to major retailers such as Coles and Woolworths, this property combines immediate income security with strong capital growth potential.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit G02 | 818 SF | Retail | Upon Request | - |
Unit G02
| Unit Size |
| 818 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit G02
| Unit Size | 818 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
| Description | |
| The property is located at street level of Alexander Residences at the corner of Alexander Street and Devonshire Street in Crows Nest, NSW. It is approximately 450 meters from the planned Crows Nest Metro station and within walking distance to the Willoughby Road retail strip. The surrounding area includes major retailers such as Coles, Woolworths, and other national brands. Devonshire Street provides wide vehicular access with street parking and is lined with trees, creating a low-traffic environment. The property includes dual frontage with building signage potential.</li></ul> | |
| Sale Notes | |
| Suite G02 offers investors a highly structured income stream in the heart of Crows Nest Village. Positioned at street level within the premium Alexander Residences development, this property enjoys a corner location with exceptional visibility along Devonshire Street. Currently leased to a high-end Pilates and fitness studio, the tenancy features a secure 3-year lease with a 3-year option, delivering a net income of $53,200 per annum plus GST. Annual rent increases of 4% enhance long-term value, while full outgoing recoveries provide stable returns.<br> The property’s design emphasizes natural light, thanks to its generous north-facing windows and wide street frontage. Two allocated secure parking spaces further enhance convenience for both tenants and visitors. Located within walking distance to the vibrant Willoughby Road retail strip and just 450 meters from the upcoming Crows Nest Metro Station, the asset benefits from unparalleled accessibility and local amenities. With ample street parking on Devonshire Street and proximity to major retailers such as Coles and Woolworths, this property combines immediate income security with strong capital growth potential.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 18,428 SF | Floors | 4 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 4,607 SF |
| Property Subtype | Apartment | Lot Size | 0.12 AC |
| Building Class | C |
| Total Building Size | 18,428 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 4,607 SF |
| Lot Size | 0.12 AC |
1 1
Contacts
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Todd Kingston -
Matt Scoble -
Sutton Anderson
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1A Devonshire St - Alexander Residences
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