The opening of a new retail precinct in Dee Why on the northern beaches has brought a surge in interest from residential buyers looking at units.
In the week that the anchor tenant, Woolworths, opened in the new Dee Why town centre, the only penthouse in the suburb’s tallest building, Lighthouse, sold for $2.975 million.
The three-bedroom apartment sits atop the tallest building on the northern beaches, the 17-storey Meriton tower in Howard Ave. Below is a new 3000sqm piazza, seating and water features and a range of profile retailers and restaurants. And outside there is a vast view including a panorama of the ocean.
This apartment has a north-facing terrace, two cars spaces and 140sqm of internal floor space.
A Meriton spokesman confirmed the penthouse had sold to an owner-occupier and 65 per cent of the development has sold.
The new town centre is 800m from Dee Why beach and Lighthouse offers 351 apartments over four buildings with two towens rising to 17 storeys.
Prices in the development start at $685,000 for a one-bedroom unit with a car space and $890,000 for a two-bedroom unit with one to two car spaces. Large three-bedroom units are for sale from $985,000.
The first residents moved into Lighthouse Dee Why in September. The final block in the development is expected to be complete by March next year.
The complex has resort-style facilities including two 20m indoor pools, two gyms and a sauna.
Dee Why is unit central on the northern beaches. According to CoreLogic there are 144 Dee Why units for sale at the moment. Over the past 12 months 529 units sold in the beach suburb with a median price of $762,000 down 5.6 per cent in a year.
There are other new units in Pittwater Rd, Dee Why and Clyde Rd for sale. The new development The Osprey consists of 125 units and The Carlyle, also on Pittwater Rd, comprises 87 units. Another unit development is planned for Fisher Rd.