Comprising of a mechanical workshop, design studio, and 2 x loft style apartments, this fantastic mixed-use property only a stones' throw from Manly is an opportunity not to be missed!

Sit on a passive income of $180,000 + GST Net pa, occupy an iconic location moments from Manly, or develop, the choice is yours!

Features:
* Circa 5% Net Return!!
* Land Area: 799sqm - R2 Zoning
* Building Area 410sqm
* 5 + 5 Year Lease Available
* Long Standing Tenant – Over 20 Years!!
* Corner Location
* Annual Rent $180,000 + GST Net
* 3.5% Fixed Annual Reviews
* Water Rates: $3,822
* Council Rates: $6,165
* Land Tax: $8,840
* Insurance: $1,873
* Land Value $1,230,000 (2019 single holding)
* 100% of Outgoings paid by Lessee
* Occupiers & Developers ENQUIRE NOW!

Boosting an iconic location on the corner of Pittwater Road and Lakeside Crescent this fantastic property is only moments from Manly, Freshwater and Curl Curl. With easy access to Brookvale, Mosman and Sydney CBD this is not an opportunity to be missed.

Call Aleks Lukich on 0419 011 211 today for your inspection

**All rentals are per annum and quoted areas and outgoings are approximations**