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32 Pittwater Rd 979 SF Office/Medical Condo Unit Offered at $980,880 in Manly, NSW 2095
Investment Highlights
- Full brick 1920s construction with Victorian architectural details and polished floorboards.
- Located within walking distance to Manly Beach, Manly Wharf, and key local amenities.
- Prominent main road frontage with high pedestrian and vehicle traffic.
Executive Summary
32 Pittwater Road is situated on a main road within close proximity to Manly Beach, Manly Oval, and Manly Wharf. The building is of full brick construction and includes rear lane access. The surrounding area is characterized by a mix of retail, dining, and recreational amenities, with nearby public transport options including bus and ferry services.
1 Unit Available
| Unit Size | 979 SF | Sale Type | Investment or Owner User |
| Price | $980,880 | Cap Rate | 6.00% |
| Price Per SF | $1,001.92 | NOI | $58,852.83 |
| Condo Use | Office/Medical |
| Unit Size | 979 SF |
| Price | $980,880 |
| Price Per SF | $1,001.92 |
| Condo Use | Office/Medical |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.00% |
| NOI | $58,852.83 |
Description
This rare retail investment opportunity is located in the heart of Manly, one of Sydney’s most vibrant coastal suburbs. The property offers a full brick 1920s shop with Victorian architectural elements, featuring high ceilings, polished floorboards, and a generous open-plan layout. Positioned on a high-traffic main road, the asset benefits from exceptional street-level exposure and a massive glass frontage, ensuring strong visibility for any tenant.
Sale Notes
Currently anchored by a strong national tenant on a 3+3 year lease, the property generates an annual income of approximately $81,689 with fixed 3% annual rent increases, providing a secure and predictable return. Additional features include a handy kitchenette and toilet on title, rear lane access, and the potential for grease trap and exhaust installation, enhancing its long-term adaptability for food or retail use.
Property Facts
| Total Building Size | 1,959 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 980 SF |
| Property Subtype | Storefront Retail/Office | Year Built | 1920 |
| Building Class | C | Lot Size | 0.05 AC |
| Total Building Size | 1,959 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 980 SF |
| Year Built | 1920 |
| Lot Size | 0.05 AC |
Amenities
- Air Conditioning
Presented by
32 Pittwater Rd
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