23/23 Howard Avenue, Dee Why, NSW 2099

The Ultimate Set-and-Forget Commercial Investment

Strategically positioned in the heart of a highly sought-after Northern Beaches mixed-use precinct, this premium retail asset offers investors an unparalleled opportunity to secure a highly bankable, long-term income stream. Supported by a highly successful, proven business, this is a truly passive, defensive asset with guaranteed compounding growth in one of Sydney's most desirable lifestyle locations.

Investment Highlights:

•  Bulletproof Lease Term: Newly extended 9 + 5 year lease structure, securing the initial term right through to November 2031 (approx. 5.6 years remaining).

•  Strong Net Income: Returning a Net Income of $72,106.64 p.a. (supported by a Passing Rent of $73,440.00 p.a.), with a locked-in rent increase hitting in December 2026.

•  Guaranteed Growth: Fixed 2% annual rent increases ensure a secure, compounding hedge against inflation.

•  Strategic Outdoor Seating: Features an additional ~28m² secure tenure over a licensed outdoor seating area on common property providing premium alfresco dining. 

•  Sun-Drenched, North-Facing Aspect: A highly exposed, north-facing footprint that bathes the shopfront in natural light all day—a massive driver of customer traffic for the venue.

•  Valuable F&B Infrastructure: Fully future-proofed asset featuring an active liquor licence, shared commercial grease trap, ensuring long-term desirability for any premier hospitality operator.

•  Proven & Popular Operator: The tenant boasts a stellar 4.5-star Google rating (from 175 reviews), successfully capitalising on long trading hours by transitioning seamlessly from a vibrant daytime café into a highly popular evening wine bar.

•  Premium Footprint: 86m² internal area with a 14m² secure basement car space (100m² total on title).

•  Favourable Net Lease: The tenant is responsible for standard statutory and operating outgoings.

Assets with this level of lease security & intrinsic F&B infrastructure are incredibly rare in the current market. 

Contact Pentagon Property today to request a copy of the Information Memorandum and arrange an inspection.

Disclaimer: All information contained herein has been provided by sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own independent enquiries. The advertised True Net Income calculation reflects standard, ongoing statutory and operating outgoings. Interested parties should refer to the Information Memorandum and Due Diligence Data Room for a comprehensive breakdown of all property financials.