An exceptional F&B investment opportunity in the highly sought-after North Manly / Queenscliff retail precinct of Manly, this location offers not only a thriving atmosphere but also the promise of stable returns and long-term security. Positioned near well-known destinations like the North Manly Emporium, Harris Farm, and Stella Maris College, this restaurant benefits from a steady flow of both locals and visitors, making it an ideal asset for discerning investors.
With a secure, long-term lease in place, this investment offers peace of mind and consistent income, ensuring reliable returns in an area undergoing significant growth. As more retail and hospitality businesses flock to Pittwater Road for its prime accessibility and with ongoing developments enhancing the area's appeal, this location is poised for future growth, guaranteeing long-term viability.
The affluent local community, which consistently supports local businesses, coupled with Manly's thriving dining scene, positions this opportunity as a high-value investment. With over 8 million visitors annually, Manly continues to be a magnet for both locals and tourists, making this an ideal investment for those seeking stability and potential for long-term capital growth.
KEY FEATURES:
- 189 sqm (approx.), including a weatherproof outdoor terrace
- Long Lease in place (5+5 years) until November 2029
- DA approval for restaurant usage, seats up to 88 guests
- Liquor Licence
- 2 storerooms, plus female/male toilets
- Rear access
OUTGOINGS:
- Strata: $18,224 per annum
- Council rates: $2,577.2 per annum
- Sydney Water: $772.72 per annum
Total: $21,573.92 per annum
LOCATION:
Located in one of Sydney's most iconic coastal suburbs, Manly offers the best of both worlds a bustling, vibrant dining scene with a laid-back beachside lifestyle. Just 18 minutes by ferry from the CBD, Manly attracts visitors year-round with its stunning coastal vistas, lively beaches, and thriving entertainment options. The North Manly & Queenscliff retail precinct sits on Pittwater Road, the main artery that connects Manly to the rest of the Northern Beaches, benefiting from the excellent exposure, accessibility and a dynamic affluent community, ensuring this investment is primed for long-term growth.
The property will be sold by public auction on the 12th of March 2025
Please note inspections of the property are by appointment only.
To arrange an inspection or for additional information about the property, please contact Klaudia Brown 0438 363 007 or Lidia Smith 0497 646 492.
