63 Cambridge ParadeManly QLD 4179
Property Details for 63 Cambridge Pde, Manly
Last Listing description (November 2024)
- Increased lease with 2 tenants = $90k Gross P.A.
- High-traffic site in the heart of Manly.
- Successful Cafe with 3+3+3 Lease.
- 458sqm block with demolition/development potential (STCA).
- Full info pack available on request.
- GST unlikely to be applicable to purchase - enquire for further detail.
Situated in the heart of Manly on Cambridge Parade, this freehold commercial property presents an incredible opportunity for investors, developers or owner occupiers. This block and building are in one of the most tightly held areas of the Bayside, this one having been in one family for over 50 years.
A 140sqm* internal site with addition 30sqm* useable external space on a 458sqm block, the property is newly rented by two tenants sharing the building. The successful cafe, Cambridge Lane, occupies one side of the building, the kitchen and the laneway. The new Pilates Studio has re-fitted the other side of the building and will be operational soon. Both are on 3 year leases with 3 + 3 year options.
Residing in a high-exposure area with plenty of foot traffic and a wide 11-metre frontage, the property offers outstanding appeal and a private driveway accesses the rear of the block, featuring parking for multiple vehicles.
Offering endless opportunities, the option exists to retain the existing building, renovate or knock down and redevelop (STCA). With plans drawn for a new multi-use site featuring a commercial space downstairs and 2 apartments upstairs, the land parcel presents exceptional future potential.
Freehold properties of this kind and in this position are truly rare, so don't miss your chance to secure this spectacular holding in Manly's beautiful bayside.
Key features include:
- Freehold building in the heart of Manly
- 458sqm block with wide 11-metre frontage
- High-traffic area on Cambridge Parade
- Cafe dining room, kitchen, storeroom and toilet
- Newly fitted Studio Space
- Driveway with side access for rear parking
- Outstanding development potential for a multi-use space
- Plans drawn for a commercial building and 2 apartments
*measurements approximate.
Property History for 63 Cambridge Pde, Manly, QLD 4179
- 03 May 2024Sold for $1,550,000
- 12 Jan 2024Listed for Sale Offers Over $1.6m
- 10 Sep 2011Listed for Rent - Price not available
Recent sales nearby
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About 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 2,003 properties. Over the last 5 years, Houses in Manly have seen a 89.72% increase in median value, while Units have seen a 74.56% increase. As at 31 December 2025:
- The median value for Houses in Manly is $1,655,775 while the median value for Units is $948,343.
- Houses have a median rent of $725 while Units have a median rent of $630.
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