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42 North steyne, MANLY, 2095

Absolute beachfront business/residential prospect

EXPRESSION OF INTEREST

In one of the most celebrated beachfront locations in Australia, this landmark building offers a once-in-a-lifetime opportunity to acquire a commercial/residential property of exceptional quality. It consists of a three-level restaurant and nightclub plus luxury residential apartments. This is an extremely rare and prized chance to own a premium beachfront property with excellent rental income and panoramic surf and ocean views.

Eight luxury apartments
Currently operating as a private rental short term with potential can create a boutique hotel or serviced apartments (STCA)
Level one restaurant with a new lucrative four-year lease
Ground floor Beach Bar & Grill plus additional basement bar/nightclub
Secure basement car park with lift access to each level
Panoramic views that stretch over Manly Beach to the ocean
Currently earning in excess of $1.3 million per annum
Potential to customize, redesign and capitalize on its prime location

Agent details

Tim (Thoung Tin) Le

0488946027

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