SOLD - Manly (Northern Sydney) - Once In A Generation Opportunity

Cushman & Wakefield and Pine Property are pleased to present to the market 32 The Corso Manly NSW for sale. The property is leased to one of Australia’s ‘Big 4 Banks’ and located within the heart of one of Sydney’s most iconic suburbs - Manly.

• Renewed 15 year lease to December 2024 + options to 2044
• Westpac Banking Corporation (WBC) - ASX listed company with a market capitalisation of $95 Billion*
• Freehold 2 storey property situated in one of Australia’s most desirable and iconic locations
• Long standing tenant in occupation 40+ years
• Manly - attracts over 8 million visitors every year. Manly Wharf and the shores of Manly Beach boost an exceptional level of exposure for the property with high volumes of pedestrian traffic
• Tenant pays all outgoings
• 4% annual rent increases
• Net Income $994,380 pa + GST*

*Approx.

For more information about the property or to organise an inspection, please contact the Exclusive agents.