11-25 Wentworth Street Manly NSW 2095

Rare opportunity to secure a Prime Commercial Investment Property in Manly.
First time to market in over 20 years. A rare opportunity to purchase this Prime Corner Double Strata Commercial Investment within the 'Peninsula' complex located at the Manly beach-end of Wentworth Street in a high foot traffic zone. Wentworth Street runs directly parallel to the famous Corso and is linked by the Rialto Plaza. The shop is situated in the modern retail and residential complex of the "Peninsula" with direct access to a 400 Public Car Park below and 165 Residential units above adjoining Coles.

The Manly Beach is known worldwide for the high number of tourists and constant flow of locals through the centre every day.

Features:
Shop 16 90.8m2
Shop 17 87.7m2
Total 178.5m2
Gross Rental $211,140 + GST p.a.
Long Term Secured Quality Tenancy
High Visibility Corner
Expansive Wide Glass Frontage
Secured Car Spot
High Pedestrian Traffic with bustling weekend trade
Direct Access to Multiple Council Car Parks
Proximity to Beach Front, Rialto Plaza and The Corso

Outgoings:
Strata Fees
Lot 16 $2,351.25 per quarter
Lot 17 $2,915.55 per quarter
Council Rates $1,550.00 per quarter

The Opportunity
Fully leased, the property generates a sustainable net income of $183,873* per annum. Manly Retail property is very tightly held and this opportunity provides you one of the best Commercial investment opportunities with a guaranteed long term Capital Growth in a premium location. Currently located opposite the new Aroura Far West residential beachfront development the future potential is secured.