North Manly

367 Pittwater Road

Sale $4,000,000 Ex GST
410 sqms

Key details

Property Type Industrial
Land Area 799 SQM

Highlights

Invest, Occupy or Develop - Enquire Now

Comprising of a mechanical workshop, design studio, and 2 x One-bedroom apartments, this fantastic mixed-use property only a stones' throw from Manly is an opportunity not to be missed!
Comprising of a mechanical workshop, design studio, and 2 x One-bedroom apartments, this fantastic mixed-use property only a stones' throw from Manly is an opportunity not to be missed!

Sit on a passive income of $180,000 + GST Net pa, occupy an iconic location moments from Manly, or develop, the choice is yours!

Features:
* Land Area: 799sqm - R2 Zoning
* Building Area 410sqm
* 5 + 5 Year Lease Available
* Long Standing Tenant – Over 20 Years!!
* Corner Location
* Head Lease Income $180,000 + GST Net
* 3.5% Fixed Annual Reviews
* Water Rates: $3,822
* Council Rates: $6,165
* Land Tax: $8,840
* Insurance: $1,873
* Land Value $1,230,000 (2019 single holding)
* 100% of Outgoings recovered by Lessee
* Loft Apartment 1 Rental: $23,504 pa
* Loft Apartment 2 Rental: $25,480 pa
* Studio/Workshop Rental: $28,080 pa
* Occupier & Developers ENQUIRE NOW!

LOCATION:
Boosting an iconic location on the corner of Pittwater Road and Lakeside Crescent this fantastic property is only moments from Manly, Freshwater and Curl Curl. With easy access to Brookvale, Mosman and Sydney CBD this is not an opportunity to be missed.

Call Aleks Lukich on 0419 011 211 today for your inspection

**All rentals are per annum and quoted areas and outgoings are approximations**

Contact the agent

Aleks Lukich

Commercial Sales and Leasing Agent L.R.E.A

0419 011 211

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