For the first time in 37 years, CBRE as the exclusive sales agent is pleased to present to the market 47 The Corso, Manly. The property is a two storey multi-tenanted retail freehold situated at the heart of the Manly Corso Shopping Strip, named one of the most sought-after in the nation. The property capitalises on the eight million visitors a year that walk from the ferry wharf to the beach directly down the Corso. The ground floor is anchored by Platypus Shoes Australia's number one branded sneaker destination, owned by ASX Listed Accent Group (ASX:AX1). On the first floor is four office tenancies. The property is currently fully leased returning a net income of $169,742.24* per annum.
The property also provides many add value opportunities including activating the Market Place frontage and adding to the existing building which significantly underutilises the site (STCA). The suburb's access to public transport and major arterial roads allow for strong connectivity to Sydney's major commercial centres. Additionally, Manly wharf offers regular ferries that travel between Manly and the Sydney CBD.
47 The Corso, Manly benefits from the following key attributes:
Premium two-storey multi-tenanted retail freehold enjoying an exclusive location on the Manly Corso
High exposure investment with two street frontages
First time offered to market in 37 years
Anchored by ASX Listed Accent Group's Platypus Shoes
Underutilised site allows for the opportunity to add to the existing building (STCA)
Net Income: $169,742.24* Per annum
Floor Area: 255.21sqm*
Potential GFA: 363.75sqm*
Situated in the heart of Manly Corso amongst market leading retailers
Servicing 8 million visitors annually walking from the ferry to Manly Beach
Fantastic accessibility; moments from council car parks, bus and ferry services to Sydney CBD, North Sydney and the greater Northern Beaches
47 The Corso, Many will be sold via an Online Public Auction on Tuesday 7 September 2021 at 10:30am at AuctionWORKS (livestream & online bidding available)
Inspections to be held by private appointment as per Greater Sydney COVID-19 restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
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