Manly Commercial Property News

Manly’s Hotel Steyne has a new owner, who has reportedly paid a “record price” of between $60 and $80 million for the iconic pub.

Almost a month after the expressions of interest campaign closed, negotiations are reportedly underway to hopefully finalise a deal to sell the iconic Manly pub known as The Drain.

The high-profile owners of Manly’s Steyne Hotel are fielding several offers from local buyers, with the highest bids coming in at above $60 million, well short of the $90 million initially expected by co-owner John Singleton.

A second iconic watering hole in Manly is looking for a new owner.

Sydney’s pub market is starting the year strongly, with the Lidcombe Hotel in western Sydney’s gaming heartland selling for more than $50 million and the high-profile Hotel Steyne at beachside Manly hitting the market for about $65m.

The chance to buy a whole apartment block in a premier Sydney suburb doesn’t happen every day.

The fourth Manly backpackers in a year is for sale, and this one might be converted into a house.

A rare freehold property on Manly’s Corso has come to market for the first time in half a century and there is huge potential for redevelopment as the rear of the property opens to a bustling square.

A prime site in Forestville has sold to a boutique developer for more than $3.8 million.