The North Narrabeen waterfront property housing the popular Girdlers café has hit the market, offering buyers a rare dual-income opportunity complete with development approval for a luxury three-bedroom residence.
Located at 1 Narrabeen Park Parade, the 345-square-metre site is being marketed by Belle Property Commercial Northern Beaches agents James Willing and Maggie Blackwell.
The sale covers the land and buildings only. The Girdlers business itself is not for sale and continues to trade as normal.
A Secure, High-Performing Commercial Tenancy
Girdlers occupies 208 square metres of internal space featuring a fully equipped commercial kitchen and dining area. The lease runs through November 2027, backed by two additional five-year options. Generating a net annual income of $175,478.78 plus GST with fixed 4% annual increases, it provides a stable revenue stream in an exceptionally high-foot-traffic area.
Willing highlighted the site’s appeal to yield-focused investors, noting that hospitality investments with long lease options are notoriously difficult to secure in prime coastal locations.
Value-Add Potential: Approved Three-Bedroom Residence
Beyond its commercial appeal, council approval is in place to construct a two-level, three-bedroom dwelling attached to the existing café.
The approved layout allows the hospitality venue to operate uninterrupted while introducing a distinct residential component. Positioned to capitalise on broad, elevated views of North Narrabeen Beach and the lagoon entrance, the residential project adds significant upside to the site.
The campaign is drawing interest from both commercial yield investors and residential developers looking to take advantage of Narrabeen’s strong real estate growth over the past decade.
The property is offered via an expression of interest campaign without a public asking price. Any ownership change will proceed subject to the existing lease terms, ensuring business as usual for local café patrons.
Property Highlights
- Land Area: 345 sqm (combines commercial retail & DA approval)
- Current Tenant: Girdlers Café (208 sqm internal fit-out)
- Net Rental Income: $175,478.78 p.a. + GST (with 4% annual increases)
- Lease Term: Expiring Nov 2027 (+ two 5-year options)
- Development Approval: 2-level, 3-bedroom attached residence
Published 21-July-2026
Featured Image Credit: Belle Property Commercial
