Quietly tucked above the shoreline of Manly Lagoon, and boasting water views from each of the four apartments is an entire block to be sold in one line. The apartments vary in size and range from one to three bedrooms, with the largest claiming the top two floors plus a rooftop terrace. Set within one of the area's most popular beachside enclaves, this property offers the purchaser a wealth of flexible options that include living in one while renting the others, as a pure investment vehicle or the potential to re-develop (STCA).
Great position with dual street frontage from Queenscliff Road & Aitken Avenue
One 1-bedroom, one 1-bedroom plus sunroom one 2-bedroom, one 3-bedroom unit.
Common alfresco entertaining terrace, triple garage, shared laundry
Built with double brick construction, many original fixtures & finishes
Solid rental history; update the interiors & capitalise on investment
Light filled 3-bedroom apartment on top two floors w/huge roof terrace
Gas equipped kitchens, original bathrooms and dual entrances for each unit
Moments to Harris Farm, transport, waterfront reserve plus level walk to Manly Beach
Land Size approx. 883 sqm
Council Rates approx. $4,337.12 pa
Water Rates approx. $2,694.00 pa
Insurances approx. $2,886.61 pa
Land Tax approx $16,341.00 pa (on a single holding basis)
Approx net return $99,945.27, potential to increase rental yield