5 Marine Parade Manly NSW 2095

Once in a generation asset, this rare free-standing oceanfront mixed-use building is located right on the shores of Cabbage Tree Bay. Offering a very special chance to acquire a blue chip asset in one of Sydney's most exclusive and tightly held enclaves.

* Land Area 306m2
* Mixed use freestanding asset Residential & Commercial Opportunity
* Prime oceanfront property on Bower Street boardwalk
* Raw development site in one of Sydney's most exclusive positions
* Opportunity to build the next high end luxury development or world class house (STCA)
* Coveted North facing aspect with world class views all the way to Long Reef and beyond!
* Never to be built out views of Cabbage Tree Bay
* Currently shops are vacant (lease pending) and the units are being used as short term holiday lettings generating strong income & tenure
* Current Income Possible rental pa upwards of $450k + GST Gross pa with mix of residential and commercial tenants (pending leases & seasonal rents)
* 6 car spaces (2 LUG & 2 x tandem spaces in current configuration)
* Outgoings pa = $16,900 approx.
* NO LAND TAX APPLICABLE Leasehold opportunity

Development Controls
* Zoning E1 Local Centre
* Height Limit 8.5m
* FSR 1:1
* Manly LEP 2013
* No heritage controls affecting the site
* E1 controls allowing building 'boundary to boundary'
* Lot 1A/94 Bower Street, Manly

This property offers the ultimate Manly lifestyle investment with unmatched proximity to Manly & Shelley Beach, ferry terminal (linking directly to Circular Quay), cafés, restaurants, boutique shopping, and a thriving tourism economy. Only 18 minutes to Sydney CBD via fast ferry, it's a perfect mix of lifestyle and long-term financial growth.

Call Oliver Rosati 0428 877 888 or Vincent West on 0403 444 000 today for your inspection.

**All rentals are per annum and quoted areas/measurements are approximations only**