32 The Corso,
Manly, NSW 2095
Key property information
Map of 32 The Corso
Once in a generation opportunity!
- Australia's most desirable suburb
- 15 year lease to 2024 + options to 2044
- Net Income $994,380 approx
The property has the following key characteristics:
• Renewed 15 year lease to December 2024 + options to 2044
• Westpac Banking Corporation (WBC) - ASX listed company with a market capitalisation of $95 Billion*
• Freehold 2 storey property situated in one of Australia’s most desirable and iconic locations
• Long standing tenant in occupation 40+ years
• Manly: attracts over 8 million visitors every year. Manly Wharf and the shores of Manly Beach boost an exceptional level of exposure for the property with high volumes of pedestrian traffic.
• Tenant pays all outgoings.
• 4% annual rent increases.
• Net Income $994,380 pa + GST*.
For more information about the property or to organise an inspection, please contact the exclusive agents.
Property ID: 503212458Last Updated: 30 Sep 2019