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22 Raglan Street
Manly NSW 2095
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Sold on 7 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 Australia's most renowned beaches. 22 Raglan Street, Manly is currently tenanted by the Manly Backpackers Hostel which receives international travellers searching for a taste of Sydney's 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

Date Sold7 Dec 2017
Floor Area1,054 m²
Land Area713 m²
ParkingOn site parking available
Property ID2013978778
Category
Last updated  15 Mar 2024
Map for 22 Raglan Street Manly NSW 2095

Nearest transport* to 22 Raglan Street Manly NSW 2095

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Property Highlights

Date Sold7 Dec 2017
Floor Area1,054 m²
Land Area713 m²
ParkingOn site parking available
Property ID2013978778
Category
Last updated  15 Mar 2024
Level 21/363 George St Sydney NSW 2000

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