22 Alexander Street, Manly, New South Wales, 2095

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Auctioned

Auctioned for $4,010,000 (Apr 28, 2018)

Prime Development Opportunity (STCA)

Exclusively set just footsteps from Manly Beach, this solid old-world beach house is positioned on a large 626sqm block and offers enormous potential to let your renovation/development dreams materialise. A prime development opportunity, the large land holding can potentially be sub-divided (STCA), and its corner block location further enhances its vast array of development prospects (STCA).

Currently configured as 3 separate spacious 1-2 bedroom dwellings with a total weekly income of $1,335.00, each property has its own exclusive access, and 2 boast large private outdoor entertaining areas/yards. North facing, level and within easy reach of Manly Wharf and the CBD, this truly is a developers dream come true.

Further property features:

- High ceilings and period features throughout

- Lock-up garage

- Surprisingly quiet, private position

- Neat and tidy condition throughout

- Easily converted back to 1 residence by opening up 2 doors.

Situated with local cafes/shopping and the beach literally just around the corner and within easy reach of a stunning array of lifestyle amenities, this property presents a prized opportunity to enter into the development market in one of Sydney’s most sought-after neighbourhood.

Total Size: 626sqm approx

Council Rates: $1,126.32 p/q approx

Water Rates: $964.68 p/q approx

We Know Your Area

R&H Suburb Profile: Manly

R&H Suburb Summary Houses
Number of sales 65
Average Price $2,959,241
Median Price $2,850,000
Median Rental Price $1,500 p.w.
Change in Rental Rate (5yr) 25 %
R&H Suburb Summary Units
Number of sales 220
Average Price $1,372,233
Median Price $1,257,500
Median Rental Price $760 p.w.
Change in Rental Rate (5yr) 17 %
Manly, NSW - Median Trend
  • 22 Alexander Street, Manly,
    New South Wales, 2095