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Sold on 1 Jun 2021

8 Belgrave Street Manly NSW 2095

  • Shop & Retail
  • 491 m²
  • Sold

FIRST TIME OFFERED IN 71 YEARS!

  • Multi-Tenanted Freehold Building
  • Development Upside (STCA)
  • High exposure with 2 street frontages

CBRE as the exclusive sales agents is pleased to present for the first time in 71 years 8 Belgrave Street, Manly.

Commanding a high-profile position, 8 Belgrave Street is a two storey freehold building comprising 4 shops on the ground floor and 4 office suites above, as well as basement storage.
Being located on one of the busiest streets in Manly, the property affords outstanding exposure. The ground floor of the building boasts an arcade, which pedestrians can use as a thoroughfare between Belgrave Street and Whistler Street Car Park (311 spaces). Large 12m* frontage to both Belgrave Street and Whistler Street provide significant street presence and signage opportunities (STCA). 8 Belgrave Street has a net lettable area of 491sqm*, with all of the suites currently leased, providing a passing net income of $153,562.43 per annum* with significant rental reversion opportunities.

Access to the property is possible via both Belgrave Street and Whistler Street, with the later entrance just 150m* from The Corso, one of Australia's busiest and most desirable retail strips. The B2 Local Centre zoning, 3:1 floor space ratio and 15 metre height limit of the property also offers the potential for redevelopment (STCA). Located directly opposite the property at Gilbert Park are bus services that connect Manly to the greater Northern Beaches, Chatswood, North Sydney and Sydney CBD.

This property benefits from the following key attributes:

- First time offered to market in 71 years
- Multi-tenanted commercial freehold building
- High exposure with 2 street frontages
- Net Income: $152,959 p.a* with significant rental reversion opportunities
- Moments from ferry service to Sydney CBD and bus services to greater Northern Beaches, Chatswood, North Sydney and Sydney CBD
- B2 Local Centre zoning, 3:1 FSR and 15m height limit allowing for development upside (STCA)

8 Belgrave Street, Manly will be sold via Auction on Tuesday, 1 June 2021 at 10:30am at AuctionWORKS (Online Bidding Available).

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approximate

Note: All financial figures have been provided by the Vendor. Purchasers are advised to conduct their own independent due diligence.

Aaron Arias
CBRE Sydney
Aaron Arias
CBRE Sydney
Toby Silk
CBRE Sydney
Toby Silk
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Property Highlights

Property ID2017001572
Date Sold1 Jun 2021
Floor Area491 m²
Land Area367 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  1 Jun 2021
Map for 8 Belgrave Street Manly NSW 2095
Map for 8 Belgrave Street Manly NSW 20958 Belgrave 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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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Aaron Arias
CBRE Sydney
Aaron Arias
CBRE Sydney
Toby Silk
CBRE Sydney
Toby Silk
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Property Highlights

Property ID2017001572
Date Sold1 Jun 2021
Floor Area491 m²
Land Area367 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  1 Jun 2021
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000
Aaron Arias
CBRE Sydney
Aaron Arias
CBRE Sydney
Toby Silk
CBRE Sydney
Toby Silk
CBRE Sydney
Nicholas Heaton
CBRE Sydney
Nicholas Heaton
CBRE Sydney

Ask Aaron Arias about this property

Aaron Arias

Aaron Arias

CBRE Sydney

Toby Silk

Toby Silk

CBRE Sydney

Nicholas Heaton

Nicholas Heaton

CBRE Sydney

0403 *** ***
0403 674 599

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