This property is a significant holding right in the vibrant heart of Manly, with current ownership now in excess of 40 years, this is a rare opportunity! Both investors and developers will see the value and the potential of this property, currently fully leased, but with potential for upside available in both capital value and rental return.
Features in Brief:
148m2 land area with high exposure frontage
350m2 approx internal floor area
Three tenancies onsite:
- Commercial Food and Beverage with a 5 + 5 year lease
- Two Bedroom Apartment
- Three Bedroom Apartment
Current Gross Rental PA: $200,452 + GST
Potential Gross Rental PA: $227,500 + GST
Northeast facing, premium Manly with mixed use zoning
15m height envelope, allowing for another level **
Footpath dining available, cool room and bar with fridges
Rooftop apartment boasts a sweeping entertainer's terrace
On one title, it represents a fantastic and low risk investment, being already fully occupied with tenants already in place. Within footsteps to Manly Wharf, Manly Beach the bus and ferry, thus central location in Manly will surely impress anyone looking for a premium investment in the heart of Manly.
Please contact us for further information.
** Subject to council approval.
