22 Raglan Street Manly NSW 2095

CBRE, as the exclusive selling agent, is pleased to present a flexible investment in one of Australia's most renowned beaches. 22 Raglan Street, Manly is currently tenanted by the Manly Backpackers Hostel which receives international travellers searching for a taste of Sydney's idyllic Northern Beaches.

The property affords purchasers the opportunity to acquire a centrally located, tenanted freehold building with potential for a residential development.

22 Raglan Street, Manly benefits from the following key attributes:
- Total passing income of $407,622.62* per annum
- 3 + 3 + 3-year lease
- Favourably zoned R3- Medium Density Residential
- Leased to Manly Backpackers Hostel, who has been successfully operating since 1992
- 1,054sqm* building area
- 713sqm* land area
- Tenant pays 100% of operating outgoings
- Premium position within Manly, only 200m* from Manly Beach, 250m* from the Corso and 450m* from Little Manly and Manly Wharf

The property will be made available for sale by way of expression of interest closing on Wednesday, 29 November 2017 at 4pm