The long-time Dee Why home of Avis Car Rentals has been listed for sale, providing a sought-after mixed-use residential or build-to-rent development opportunity on Sydney’s northern beaches.  

The 1,211sqm, 816 Pittwater Road site has been occupied by Avis for three decades. Under the current floor space and height limit regulations it could accommodate 3,875.20sqm of gross floor space, allowing for a significant mixed-used residential development.

The site adjoins the Delmar development to the north, where 71 apartments  are currently under construction, with a  DA having also been submitted to the East of the Property for 230 apartments. 

CBRE’s Toby Silk, Aaron Arias and Nicholas Heaton have been appointed to steer the sale campaign, with Expressions of Interest invited before 5th October 2022. 

“The demand for lifestyle locations like Dee Why is extremely strong. The suburb provides an urban cosmopolitan with a beachside living backdrop providing a walk to everywhere lifestyle location 
with connectivity to the Sydney CBD and Mona Vale via B-Line express bus services as well as services that connect to Manly, North Sydney and Chatswood,” Mr Silk said. 

“The government has just increased the permanent Migration Program target to 195,000 in 2022-23 to help ease critical skills shortage. This will put further pressure on an already undersupplied housing market, which new developments like what’s possible at 816 Pittwater Road will help alleviate.

“We expect to receive strong demand from local developers who have redeveloped most of Dee Why as well as buyers targeting the emerging build- to-rent sector.”  

Located 18 kilometres north-east of the Sydney central business district, Dee Why has undergone significant urban renewal off the back of a Town Centre Plan released in 2013, with the residential population forecast to increase by 32% to 31,156 by 2041.

For more information contact the agents via the contact form below.