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BEACH-SIDE RETAIL INVESTMENT OPPORTUNITY WITH LONG TERM TENANT

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Belle Property Commercial Northern Beaches, as the exclusive listing agent, is pleased to present to the market Shop 6, 22a Darley Road, Manly. This is an exceptional opportunity to invest in a securely leased local restaurant, located right opposite Manly Village Public School and within a short stroll to the iconic Manly Corso retail precinct, Manly Wharf and Manly Beach.

Being surrounded by numerous long-standing and successful retailers, cafes and boutiques including: Vini's Cafe, Manly Barber, Keep Tone Cafe, Manly Beach Babes, Patagonia Clothing Store, Budgy Smuggler Swimwear, Pure Wholefoods Cafe, this property offers exceptional street presence with a prominent shop frontage and excellent exposure to the locals and Manly visitors.

Key Features:
• 79sqm*
• Dining area: 38sqm*
• Kitchen Area: 41sqm*
• Established Tenant: Beaches Pizza
• Current rent: $54,010.73 + GST + Outgoings
• 10 year lease from December 2017
• 3% annual rental increases for the remaining 5 years period.
• Strategically located within the Darley Road shopping precinct, right opposite Manly Village Public School and one block away from Manly Ferry Wharf & Manly Beach.

The tenant, Beaches Pizza, is a rustic-chic restaurant and wine bar, highly rated among Manly visitors and well-known among local community for many years. The property benefits from its fantastic position opposite Manly Village Public School, great neighbors, outdoor seating and glass shop front. The premises are approved for food and beverage use. The shop has generous proportions with the street front dining area of 38 sqm* and commercial kitchen area of 41 sqm* conveniently located at the back of the premises.

The 10 year lease ticks all the boxes with the current net rental income being $54,010.73 + GST per annum and 3% annual rental increases for the remaining 5 years period. The prestigious nature of Manly is reflected in its affluent demographic and is one of the driving factors behind area's robust property market.

Outgoings:
Strata Levies: $7,647.20 per annum
Water Rates: $626.68 per annum
Council Rates: $1,668.00 per annum
Total: $9,941.88 per annum

Inspections by appointment only, to book contact Klaudia Brown on 0438 363 007

*All figures are approximate

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12 Howard Avenue, Dee Why NSW 2099

Property information

Property ID
a0Q2u00000EpItBEAV
Property Type
Commercial
Type
For Sale
Category
Retail
Building Size
79.00m2
Available Documents
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Thank you for your interest in 6/22a Darley Road, MANLY NSW 2095.
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