56 Ernest StreetManly QLD 4179
Property Details for 56 Ernest St, Manly
Last Listing description (May 2018)
James Dean Commercial is pleased to present this rare investment opportunity 'Manly Lodge'. This is the first time this property has been offered to the market in over 35 years. Manly Lodge is a free standing registered residential boarding house with 15 rooms, underpinned by a 470m2 elevated block of land with views of Moreton Bay. Boasting a significant instant income this property is suitable for the astute investor or Self Managed Super Fund (SMSF).
Manly Lodge has been owned and operated by a local family that is now looking to retire and a genuine and realistic sale process will take place in early 2018.
Key Features Include:
- Registered operational residential 15 room boarding house
- Zoned CR1 'Character' (Pre 1946)
- Well maintained
- Annual Nett income of $98,947.41 (Nett Income = Income AFTER outgoings)
- Onsite care taker
Manly Lodge is in a great location, opposite Manly State School, 50m to Manly Train-station and just a short walk to the Wynnum / Manly foreshore, restaurants, bars & cafe's.
The owners are also selling 'Wynnum Lodge' located at 426 Tingal Rd, Wynnum. These properties can be sold individually or in one line. Expressions Of Interest will close 5pm Wednesday 28th February 2018. The property can be sold prior to this date. Contact the exclusive agents for a copy of the information memorandum or to arrange your private viewing.
Property History for 56 Ernest St, Manly, QLD 4179
- 01 Apr 2026Sold for $1,500,000
- 05 Feb 2018Listed for Sale Contact Agent
- 09 Jan 2013Listed for Rent - Price not available
Recent sales nearby
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0About Manly 4179
The size of Manly is approximately 1.7 square kilometres. It has 8 parks covering nearly 9.7% of total area. The population of Manly in 2016 was 4064 people. By 2021 the population was 4273 showing a population growth of 5.1% in the area during that time. The predominant age group in Manly is 50-59 years. Households in Manly are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Manly work in a professional occupation.In 2021, 68.00% of the homes in Manly were owner-occupied compared with 67.20% in 2016.
Manly has 2,008 properties. Over the last 5 years, Houses in Manly have seen a 87.00% increase in median value, while Units have seen a 96.27% increase. As at 31 March 2026:
- The median value for Houses in Manly is $1,787,537 while the median value for Units is $1,046,631.
- Houses have a median rent of $850 while Units have a median rent of $650.
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