Belle Property Commercial Northern Beaches is proud to present this exceptional 480m² ground-floor commercial space, a rare find in the heart of Manly. Offering a versatile floorplan with dual street access via Short and Whistler Streets, plus a dedicated loading dock, this property is an outstanding opportunity for investors and owner-occupiers alike. With significant value-add potential, it also offers the flexibility to accommodate multiple tenancies. Currently the building is operating as the well established "Australian Pacific College and English Unlimited", an extremely well regarded and established College in the heart of one of the most sought after locations in the country. The property is available for vacant possession.
KEY FEATURES:
- 480sqm (approx.) on title
- 1 secure underground parking space
- Internal amenities including shower, M&F and staff bathroom + kitchenette
- Dedicated loading dock
- Semi-commercial kitchen with potential for activation onto a pedestrian-only thoroughfare
- Flexible floorplate, adaptable for a range of business uses (STCA)*
PROJECTED RENTAL RETURNS:
Currently offered as vacant possession, this highly adaptable space presents strong leasing potential across multiple sectors, including hospitality, health & wellness, and education (STCA)*.
- Gross Projected Return: $400,000 - $420,000 + GST per annum
OUTGOINGS:
- Strata: $30,492 per annum (including capital works)
- Council Rates: $3,755.80 per annum
- Water Rates: $623.56 per annum
- Total Outgoings: $34,871.36 per annum (approx.)
LOCATION:
Perfectly positioned in Manly's vibrant CBD, this property benefits from high visibility and strong pedestrian traffic. It is just moments from Manly Beach, The Corso, and Manly Wharf, ensuring a steady stream of foot traffic from both locals and visitors. Sydney Road serves as a key retail hub, lined with boutique stores, bars, restaurants, and popular weekend markets.
This is an unmissable chance to secure a high-return asset in one of Sydney's most sought-after commercial precincts. With its expansive footprint, premium positioning, and strong leasing potential, this investment is poised for long-term growth.
The property will be sold by public auction on the 26th of March 2025
For further information or to arrange an inspection, please contact James Willing or Lidia Smith.
* Subject To Council Approval
