Whole Building Lot 1, 2 & 3, 196 Pittwater Rd, Manly, NSW 2095

Located on Pittwater Road at the North Steyne/Queenscliff end of Manly, this prime position sits just moments from Harris Farm, North Steyne Emporio and Ruby Lane. As a major gateway into Manly, the property benefits from strong exposure to both local residents and daily commuters.

196 Pittwater Road, presents a rare opportunity to acquire a multi tenanted commercial/residential investment situated in Manly. The asset occupies a prominent location, with high visibility, strong foot traffic and local patronage within an established neighbourhood retail precinct.

The property comprises two established retail tenancies and one self-contained residential apartment - a well-presented two-bedroom residence, with clear span access at the rear. The property enjoys generous natural light. 

Located behind the retail space and accessible from the rear is the residential accommodation. This apartment features 2 spacious bedrooms on the top floor and one bathroom, a large kitchen and a living room on the lower level. 

The building is set about 9 metres back form from the Pittwater Road boundary and comprises a Pizza shop (Shop 1, Lot 1) and a Hair Dressing Studio (Shop 2, Lot 2) each occupying a standard lock-up shop of 36m2 with one parking space per shop.

The first floor residential unit provides a standard shop-top dwelling with two bedrooms, one bathroom, separate kitchen and a combined lounge and dining room.

The unit also includes an entry courtyard, entry porch, balcony and single car space.

360 sqm Land | 252 sqm Total Strata Area * Approximate.

Address 1, 2 AND 3 / 196 PITTWATER ROAD MANLY NSW

Lot 1 - 30 : 100, Lot 2 - 30 : 100 and Lot 3 - 40 : 100

Shop 1, Lot 1 – Pizza Shop
Rent – Current advised at $31,486 per annum plus GST.
Term – Expired 16 August 2026. No further option for renewal.
Outgoings – Tenant responsible for outgoings.

Shop 2, Lot 2 – Hairdressing Studio
Rent – Current rent calculated at $33,037.24 per annum plus GST
Term – 1/12/2024 to 30/11/2027 (no further option and advised ‘demolition’ clause is in place).
Annual increases at CPI.
Outgoings – Tenant to nil outgoings.

Residential Unit, Lot 3
Rent – Current rent calculated at $22,942.86 per annum
Term – Holding Over. Tenancy Agreement Expired 26/6/2023.
Outgoings – Nil recoverable but for Water Usage.

Summary:

Income 

Lot 1 - $31,486
Lot 2 - $33,037.24
Lot 3 - $22,942.86
Total - $87,466.1 pa

Outgoings:

Lot 1 - Total - $6,147.2
Lot 2 - Total - $6,989
Lot 3 - Total - $9,088.84
Total - $22,225.04

Total Income - $87,466.1 pa. Outgoings - $22,225.04. Total Net Income - $65,241.06

Please contact Exclusive Agents Pine Property for more information.