1/22 Darley Road

Manly NSW 2095

Positioned in one of Manly's most tightly held and high traffic pockets, this premium ground floor double shop front offers a rare opportunity for investors and owner occupiers to secure a versatile asset with strong exposure, immediate income and future flexibility.Currently returning $168,729.60 + GST Gross per annum on a month-to-month basis, the property provides holding income while allowing an incoming purchaser to plan for future occupation, repositioning or leasing upside.The property is currently fitted out by the tenant in a split configuration. As part of the tenant's make good obligations, the partition wall can be removed should a purchaser wish, providing flexibility to retain a split format or revert back to one larger open plan tenancy.Potential options include leasing the whole property to one occupant, occupying all or part of the premises, or exploring a dual tenancy strategy to maximise income. Any split tenancy, owner occupation strategy, alternate use, building works or change in configuration is subject to strata approval, council approval and all relevant authorities where required.Under a potential dual tenancy scenario, the property has the potential to achieve a combined rental of approximately $212,500 + GST Gross per annum, subject to approvals and leasing strategy.* Internal area: 178sqm* Potential split configuration: Shop A 101sqm and Shop B 77sqm (subject to approvals)* 2 secure car spaces on title* Large floor to ceiling glass frontage with excellent exposure to Darley Road* Two entry points* High foot traffic area* Internal ducted air conditioning* Immaculately presented* Common unisex amenities* Suitable for investors and owner occupiers* Current rent: $168,729.60 + GST Gross per annum, month-to-month basis* Estimated market rent as one tenancy: $178,000 + GST Gross per annum* Estimated market rent for Shop A: $120,000 + GST Gross per annum* Estimated market rent for Shop B: $92,500 + GST Gross per annum* Potential total rent: $212,500 + GST Gross per annum - subject to approvals and leasing strategy* Outgoings: $31,488 per annum (approx.)* Located directly across from Manly Public School* Zoned E1 Local CentrePrime location fronting Darley Road in the heart of Manly's shopping, restaurant and business district. The property is positioned approximately 200 metres from Manly Wharf and 250 metres from Manly Beach, with strong access to ferry, bus and taxi transport. Manly remains one of the Northern Beaches most sought after retail centres, driven by its beachside lifestyle, strong foot traffic, established retail strip and accessibility to the Sydney CBD.Call Saxon Stonehouse 0408 033 330 or Paul Cunningham on 0413 161 661 today for your inspection.***All areas/measurements are approximations. It is up to lessees/purchasers to conduct their own investigations regarding any approvals required by governing authorities***