8/54 West Esplanade,
Manly, NSW 2095
For Sale - $2,995,000
Key property information
Map of 8/54 West Esplanade
Bus stops within 5 km of 8/54 West Esplanade, Manly, NSW 2095 Distance Manly Wharf, East Esplanade, Stand C 68 m Manly Wharf, West Promenade, Stand J 110 m Manly Wharf Hotel, East Esplanade 207 m West Esplanade Opp Manly Art Gallery 220 m Manly Wharf, Belgrave St, Stand H 241 mPOWERED BY HERE ©
Premium Corner Retail Investment – Brand New 5 Year Lease - 4.88% Yield
Iconic tenancy in place – Cranium Hair, with over 25 years of trading history in this same position. The shop boasts an excellent corner position fronting Belgrave Street with exposure to pedestrians and vehicles all day long. A rare opportunity to buy into Manly's bustling retail and commercial precinct – located just across the road from The Corso and Manly Wharf providing excellent access to locals and tourists alike.
Do not miss this opportunity to buy a solid investment in the highly desirable Manly precinct!
* Secure, established tenant on a new 5+5 year lease with 3% reviews, 3 month security deposit and personal guarantees
* Internal area: 127m2
* 1 car space that fits 2 cars
* Fantastic exposure and signage opportunities
* Floor to ceiling windows on two sides allowing an abundance of natural light
* Large windows with exposure to literally millions of potential customers every year
* Exclusive use of undercover area in front of the shop included
* Vibrant pedestrian mall that links Sydney Harbour and Manly Wharf to the internationally-famous Manly Beach only metres away
* Ducted air-conditioning and premium lighting throughout
* Wide undercover awning outside the shop offers shelter from the elements
* Long-standing business (operating for over 25 years in the space) – Cranium Hair
* Large loading dock with easy access in the building
* Level access off the street into the property
* High end, premium fit out for the tenancy
* Internal amenities and kitchenette
* Futureproof with access to exhaust & grease trap
* On-site building manager
* Street parking options on Belgrave Street or just around the corner in neighbouring streets
* Public car park located directly under the building
* Net rent $146,050 + GST per annum.
* Outgoings per annum: $14,920 approx.
Conveniently positioned on the bustling corner of Belgrave Street that is close by to The Corso, Manly Wharf and to the internationally-famous Manly Beach. Invest right in the hustle or bustle of Manly with all the benefits that come with it. Only minutes from well known cafes, restaurants, bars, post office, council, parking stations, buses and banks.
Call Vincent West on 0403 444 0... or Oliver Rosati 0428 877 8... today for your inspection.
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If you'd like to inspect this property in person, please to arrange a private inspection.
Property ID: 504055927Last Updated: 21 May 2022