Belle Property Commercial, as an exclusive selling agency, is proud to present Lot 24, 49 North Steyne, Manly a rare and exceptional investment opportunity in one of Sydney's most iconic and highly sought-after beachfront locations. This property offers unparalleled exposure and a truly one-of-a-kind investment proposition.
Comprising 8 long-term, well-established tenancies, this property's diverse tenant mix, which includes cafés, a gym, a surfboard shop, a restaurant, a printing shop, and five car spaces, is a rare combination that ensures both stability and consistent returns. It's a unique opportunity to own a fully leased, income-generating asset in one of Sydney's most vibrant coastal destinations.
KEY FEATURES:
- Total Area: 593 sqm (approx.), including 522 sqm of internal space and 71 sqm of parking area*
- Fully leased investment opportunity with diversified income streams
- Gross Income: $311,747.46 + GST per annum
- Net Income: $278,100.54 + GST per annum
- Total Statutory Outgoings: $78,493.80 (inclusive of strata levies, council rates, and Sydney Water)
- Zoned E1 Local Centre/Northern Beaches Council
LOCATION:
Located in the heart of Manly, directly opposite the iconic Manly Beach, this property benefits from outstanding exposure and high foot traffic. The area is a vibrant hub, offering a mix of cafés, restaurants, retail outlets, and recreational activities, attracting both locals and tourists alike. With the ferry terminal just 700 meters away, this location provides excellent connectivity to Sydney's CBD, further enhancing its appeal to businesses and investors.
This property presents a remarkable opportunity for investors seeking a secure, high-return asset in one of Sydney's most dynamic and popular destinations. With a fully leased portfolio, established tenancies, and a prime position, this investment is poised for continued growth and profitability.
The property will be sold by public auction on the 12th of March 2025
For further information or to arrange an inspection, please contact James Willing or Lidia Smith.
* All measurements are approximate
