Belle Property Commercial Northern Beaches, serving as the exclusive sales agent, proudly introduces 57 The Corso, Manly, to the market. Buildings of this calibre are rarely available, this two-storey, multi-tenanted retail freehold building is a once-in-a-generation opportunity in the heart of the highly coveted Manly Corso Shopping Strip, recognized as one of the nation's most sought-after locations.
Taking full advantage of the Corso's popularity, with over two million annual visitors traveling from the ferry wharf to the beach, this property boasts a rich retail history. Anchored by major retailers such as Elements, Hurley, and Tiger Lily over the last 25 years, the ground floor is currently tenanted by Budgy Smuggler, the iconic Australian swimwear brand. A separate tenancy at the rear connects to 42 Market Lane, while the first floor is designated for commercial office use.
Fully leased, the property generates a sustainable income of $315,843 per annum + GST. Moreover, there's a significant value-add opportunity with the potential for an additional setback 3rd level, suitable for either residential or commercial office space. With convenient access to public transport and major arterial roads, the suburb's connectivity to Sydney's commercial centers is robust. The regular ferries from Manly Wharf to the Sydney CBD enhance the property's accessibility, making it a strategic and lucrative investment.
Once in a Generation Opportunity
Land Size 156m2
Net Lettable Area - Ground Floor 125m2 + First Floor 105m2
Current Gross Income : Approximately $315,843 per annum + GST
Mixed Use Retail & Office Tenancies.
57 The Corso, Manly will be sold by Public Auction on 29th May at the Belle Property Gala Auction evening commencing 6pm at the Long Reef Gold Club (livestream & telephone bidding available) Inspections to be held by private appointment. Please enquire directly with the exclusive agents below to arrange a private viewing.
George Malouf
M 0410 686 129
E George.Malouf@belleproperty.com
James Willing
M 0424 190 550
E James.Willing @belleproperty.com
