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Sold on 11 Dec 2017

22 Raglan Street Manly NSW 2095

  • Hotel, Motel, Pub & Leisure
  • 1,054 m²
  • Sold

MANLY FREEHOLD - INVEST OR DEVELOP

  • Manly Backpackers Hostel
  • $407,622.62* pa passing income
  • R3 - Medium Density Residential Zoning

CBRE, as the exclusive selling agent, is pleased to present a flexible investment in one of Australias most renowned beaches. 22 Raglan Street, Manly is currently tenanted by the Manly Backpackers Hostel which receives international travellers searching for a taste of Sydneys idyllic Northern Beaches.

The property affords purchasers the opportunity to acquire a centrally located, tenanted freehold building with potential for a residential development.

22 Raglan Street, Manly benefits from the following key attributes:
- Total passing income of $407,622.62* per annum
- 3 + 3 + 3-year lease
- Favourably zoned R3- Medium Density Residential
- Leased to Manly Backpackers Hostel, who has been successfully operating since 1992
- 1,054sqm* building area
- 713sqm* land area
- Tenant pays 100% of operating outgoings
- Premium position within Manly, only 200m* from Manly Beach, 250m* from the Corso and 450m* from Little Manly and Manly Wharf

The property will be made available for sale by way of expression of interest closing on Wednesday, 29 November 2017 at 4pm

Property Highlights

Property ID2013978778
Date Sold11 Dec 2017
Floor Area1,054 m²
Land Area713 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  21 Jan 2021
Map for 22 Raglan Street Manly NSW 2095
Map for 22 Raglan Street Manly NSW 209522 Raglan Street Manly NSW 2095
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Property Highlights

Property ID2013978778
Date Sold11 Dec 2017
Floor Area1,054 m²
Land Area713 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  21 Jan 2021
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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