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
|R&H Suburb Summary||Houses|
|Number of sales||65|
|Median Rental Price||$1,500 p.w.|
|Change in Rental Rate (5yr)||25 %|
|R&H Suburb Summary||Units|
|Number of sales||220|
|Median Rental Price||$760 p.w.|
|Change in Rental Rate (5yr)||17 %|