Manly, NSW 2095

Property Description

Good mixture of tenants, several have been in occupation for over 16 years.

Future Development opportunities - Strategic Investment with upside, strong Capital Growth assured.

If you can find a better location, buy it!

The ultimate in secure real estate. - This holding is in an absolutely premium location and the best position in The Corso to be available for sale in decades.

One would doubt, you can't buy a better position or location in Australia.

Summary - A very strategic investment, with Strong Capital Growth in one of the most prized locations in Australia.

The purchaser will own 25% of the building, which will give control over any future development.

The 5 acquisitions include upper and ground levels, providing short and long-term leases.

Some tenants have been long-term exceeding 15 years.

One of the lots is separated into 7 suites, each individually tenanted under licence agreements. (Currently of which are various durations)

Current uses; School, Beautician, Office space and quasi retail (i.e. 2 others are therapists, a lawyer, and 4 consultants.

The tenants advise they seek to stay, and the opportunity to self-occupy will exists.

Building has three street frontages. Corso frontage on top floor space. Fully leased, secure income, rental upside.

The complete building is Strata titled into 20 lots Opportunities.

With a thoroughfare that could be compared to a Major City, it's an Ideal place to relocate your own business.

Zoning; Commercial B2 / Northern Beaches Council Zoning allows for a multitude of uses under a full Commercial/Retail zoning.

Residential is also a permitted use.

Located within a Building of 20 lots, these 5 tenancies give you control over any future development of the building, and Developers are motivated to redevelop the site.

By acquiring these 5 properties, the owner takes control of any potential development occurring on the site, under the new legislation requiring more than 75% to agree to any sale of the whole building for Development purposes.

There are several developers that are keen to purchase the whole building for redevelopment.

Location and Position - Manly is located between the pristine Sydney Harbour and Ocean Beach, with over 7,000,000 visitors per year.

5 x shops and offices, located in an absolutely prime location on Manly's iconic World-Renowned Corso Promenade.

Trip Advisor has just voted Manly Beach as Australia's best beach.

A short 20-minute ferry ride from central Sydney, Manly is 7 miles from Sydney and a thousand miles from care.

This is one of the best opportunities available, it will not last long.

Location, Position, Potential and so close to Australia's best beach, questionably the best retail strip in Australia.

Wlectricity quite a distance (approximately 6kms) so recommend 'off the grid' Frontages - Access from The Bucketts Way, 20kms north of Historical Stroud Important Notice

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