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19 Central Ave 1,227 SF Retail Condo Unit Offered at $1,559,119 in Manly, NSW 2095
Investment Highlights
- Positioned near The Corso and Manly Beach within a major entertainment precinct.
- Strong foot traffic location complemented by proximity to a public car park.
Executive Summary
17-19 Central Avenue in Manly, New South Wales, is an apartment complex within close proximity to The Corso and Manly Beach. It is located in a core retail and hospitality precinct characterized by high pedestrian movement and extensive dining and entertainment activity. The site offers lane-front positioning with access to nearby public parking and major transport options including ferry services to the Sydney CBD. Surrounding land use includes a mix of restaurants, retail shops, and service-based businesses. Local government plans for precinct upgrades indicate expected improvements in public amenities and trading conditions.
1 Unit Available
Unit 1
| Unit Size | 1,227 SF | Sale Type | Investment |
| Price | $1,559,119 | Cap Rate | 7.00% |
| Price Per SF | $1,270.68 | NOI | $109,138.36 |
| Condo Use | Retail |
| Unit Size | 1,227 SF |
| Price | $1,559,119 |
| Price Per SF | $1,270.68 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| NOI | $109,138.36 |
Description
The property comprises a single strata lot within a mixed-use building located at 17-19 Central Avenue, Manly. The lot encompasses 114 m²* of net lettable area configured for both street-level retail and a bespoke underground hospitality space. It features high-quality joinery and custom mosaic detailing throughout the tenancy. The strata title provides ownership of this defined lot with access rights to common property areas as stipulated under the building’s strata management plan.
Sale Notes
This offering represents a secure retail investment in one of Sydney’s most active coastal entertainment precincts. The property is sold subject to a long-term lease providing a five-plus-five-year term with options in place until 2035. Current net income is $151,486.37 plus GST, effective November 24, 2026, with fixed annual increases of 4 percent enhancing income stability over the term.
Located on Central Avenue in the heart of Manly, the asset is positioned steps from The Corso and Manly Beach, ensuring strong footfall driven by both tourists and residents. The property’s location near a major public car park and public transport connections further supports consistent customer access. Ongoing council-led upgrades to the Manly entertainment precinct provide meaningful upside for capital appreciation.
This strata-titled investment blends tenancy certainty, unique character finishes, and a lifestyle-driven location, making it a rare opportunity to secure a high-performing asset in a proven destination market.
Interior Photo
Interior Photo
Interior Photo
Property Facts
| Total Building Size | 18,256 SF | Floors | 8 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 2,282 SF |
| Property Subtype | Apartment | Lot Size | 0.07 AC |
| Building Class | C |
| Total Building Size | 18,256 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 8 |
| Typical Floor Size | 2,282 SF |
| Lot Size | 0.07 AC |
Amenities
Site Amenities
- On-Site Retail
Presented by
19 Central Ave
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