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Shops 1-7, 25-27 South Steyne Manly NSW 2095

  • Shop & Retail
  • 433 m²
  • Commercial Auction

TROPHY RETAIL CORNER INVESTMENT

  • Net Income: $731,161pa*
  • Total NLA of 433sqm*
  • Prime position opposite Manly Beach

CBRE as exclusive selling agents, under instructions from trustees, is pleased to present Shops 1-7, 25-27 South Steyne, Manly to be sold in-one-line. Situated on one of the most prominent corners of Manly, this trophy strata asset comprises five tenancies over seven lots. The property is currently fully leased, with International tenants Ben and Jerrys occupying the corner position. Other tenancies in the offering include Manly Fish Market, Manly Fish Café, Blind Barrel and Ezymart. Accordingly, the property presents a prime opportunity for investors to attain a secure investment that benefits from high foot traffic and tourist exposure. This exciting investment opportunity offers a net lettable area of 433sqm* directly next to the council carpark, which experiences high amounts of foot and vehicular traffic.

Shops 1-7, 25-27 South Steyne benefits from the following key attributes:
- 433sqm* of prime retail net lettable area
- Fully leased to 5 tenants, including international tenant Ben and Jerry's and national tenant Ezymart
- High exposure corner position opposite Manly Beach
- Situated on one of the busiest pedestrian intersections in Manly

Shops 1-7, 25-27 South Steyne, Manly will be sold via Public Auction on Tuesday, 9th of March 2021 at AuctionWORKS (live stream & 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.

Auction date and time09/03/2021 10:30
Auction locationAuctionWORKS - 50 Margaret St, Sydney

Property Highlights

Property ID2016804909
Floor Area433 m²
Land Area433 m²
ParkingOn site parking available
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  19 Feb 2021
Map for Shops 1-7, 25-27 South Steyne Manly NSW 2095
Map for Shops 1-7, 25-27 South Steyne Manly NSW 2095Shops 1-7, 25-27 South Steyne 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 ID2016804909
Floor Area433 m²
Land Area433 m²
ParkingOn site parking available
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  19 Feb 2021
CBRE Sydney
Level 21 363 George Street Sydney NSW 2000

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