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Flat
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for sale
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PRICE REDUCED! GUIDE $6.99m | FULLY LEASED BUILDING! $370k YEARLY INCOME INCREASE TO $425k PA
North Manly
· 15 Bedrooms · 16 Baths · Flat
· Balcony · Lift
North Manly · 15 Bedrooms · 16 Baths · Flat · Balcony · Lift
Exclusively Listed by Novak Properties. Novak Properties is proud to present Manly Maisonettes, a modern, purpose-built boarding house located in the highly sought-after beachside suburb of North Manly, on Sydney's prestigious Northern Beaches. Property Highlights: | Land size: 778m² | Internal floor area: 504m² | 5% EXPECTED YIELD | High-quality, double brick construction | To build this block in 2026, it would cost $6m | 15 Self-contained studio apartments | Current gross passing income: $372,359.53 p.a. | Potential to increase yearly income to $425,000 | 100% Occupancy rate | Internal lift access between levels | 4 On-site car spaces generating additional income | Zoning: R2 Low-Density Residential strong underlying land value | Construction Completed in 2017 Depreciation Benefits Available | Proven track record of strong occupancy | Additional Revenue from communal laundry facilities | Extensive 36.5m frontage to Pittwater Road | Two private outdoor balcony areas | Additional garag
Exclusively Listed by Novak Properties. Novak Properties is proud to present Manly Maisonettes, a modern, purpose-built boarding house located in the highly sought-after beachside suburb of North Manly, on Sydney's prestigious Northern Beaches. Property Highlights: | Land size: 778m² | Internal floor area: 504m² | 5% EXPECTED YIELD | High-quality, double brick construction | To build this block in 2026, it would cost $6m | 15 Self-contained studio apartments | Current gross passing income: $372,359.53 p.a. | Potential to increase yearly income to $425,000 | 100% Occupancy rate | Internal lift access between levels | 4 On-site car spaces generating additional income | Zoning: R2 Low-Density Residential strong underlying land value | Construction Completed in 2017 Depreciation Benefits Available | Proven track record of strong occupancy | Additional Revenue from communal laundry facilities | Extensive 36.5m frontage to Pittwater Road | Two private outdoor balcony areas | Additional garag
Request Details