Freehold retail block with a twist


60 Rawhiti Road, Manly

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Freehold retail block with a twist | 60 Rawhiti Road, Manly | 1502154 |      X Close
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Freehold retail block with a twist


- Freehold suburban retail block

- Returning $69,560pa + GST and outgoings

- Significant 661sqm land area

- Neighbourhood centre zone (11m plus roof form)

- Low site coverage

The subject property located at 60 Rawhiti Road, Manly is a Neighbourhood Centre zoned site totalling some 661sqm of land area with low site coverage and significant development upside.

The improvements consist of a 1970's vintage, freehold suburban retail block containing three

tenancies, benefiting from dual access from both Rawhiti Road and Leal Place. The diverse tenant mix includes Frankies Gelato and Deli; KT Florals Limited (florist) and the longstanding Manly Village Bakery.

Importantly, all of the leases are short term with demolition clause, allowing a purchaser to develop the site or add value by renegotiating the leases in the short term.