Expansive Corso Frontage, with ability to Sub-Divide
Located on The Corso in Manly, the property lies within one of the best-known retail strips in Australia, connecting the Manly Wharf to the iconic Manly Beach. Well known neighbouring brands on The Corso include: Oakley, Quicksilver, Tommy Bahama, Starbucks and Kids Stuff.
This property represents a rare opportunity to purchase what is one of the premier retail frontages in Manly. Currently tenanted by the Internationally known brand Billabong, who will be vacating the property in April 2021.
The property also offers flexibility in the future for being reconfigured and divided into several smaller retail frontages, due to its impressive retail frontage onto The Corso. To the prudent investor this flexibility for design and tenancy options safeguards and future-proofs the property into the coming years, offering significant upside in rental return within these potential reconfigurations.
* Internal Strata Area - 441m2 * Current Annual Net Income - $577,033.56 * Zoning - B2 Local Centre * Method of Sale - Offers to Purchase
Commercial Real Estate & Valiant have pulled some useful resources to help you on your journey. Kick things off with our commercial loan calculator to see estimated repayments.
Purchase price
$
1,234,567
Deposit available
$
123,456
Loan term
30
years
Interest rate
3.00
%
repayments
$0/month*
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