Shop 3/1-5 The Corso, Manly, NSW 2095

Retail

Sold $2,750,000

  • Property ID: 356617
  • Floor Area: 113m²
  • NBN Availability: Not Currently Available
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold N/A 113m2 N/A N/A
Supremely located 113sqm shop with wide glass frontage on The Corso Manly

Seize an unparalleled opportunity to owner occupy a prime slice of Manly's iconic The Corso, a bustling pedestrian and retail mall that connects Sydney Harbour and Manly Wharf to Manly's world-famous ocean beach.

First time offered in over 20 years. Currently a well-known bakery 'The Corso Bakehouse" and late-night takeaway icon, it features an impressive wide 5m metre street frontage covered outside by a wide awning with 60sqm of ground floor space plus a 53sqm mezzanine currently being used as a kitchen area.

It presents a rare entry-level opportunity for owner occupiers or investors to buy into one of Sydney's most highly-prized and tightly-held retail malls in one of Australia's most sought-after travel destinations frequented by over 8 million locals and tourists every year.

Do not miss this opportunity to buy this shop as there are very few sold in Manly in general and in particular on the golden strip that is the Corso.

* Major Traffic Changes in Manly CBD - improving access to the CBD by bike and on foot, and help businesses recover from the COVID-19 shutdown
* Attractive high shop front with exceptional signage
* Grease Trap & Exhaust possibilities
* Large windows with exposure to literally millions of potential customers every year
* Rare entry-level opportunity to secure retail/food and beverage shopfront on Manly's tightly-held The Corso
* Vibrant pedestrian mall that links Sydney Harbour and Manly Wharf to the internationally-famous Manly Beach
* The Corso is frequented by a burgeoning local population, interstate and international visitors with exposure to approximately 2.5 million visitors per annum
* On Strata there is 60sqm ground floor space and 53sqm mezzanine area with kitchen, exhaust and possibility for grease trap
* Wide awning outside the shop offers shelter from rain, shade from the sun and excellent signage opportunity
* Long-standing tenant of over 20 years (The Corso Bakehouse) – there is potential opportunity to owner occupy the space
* Existing bakehouse thrives through the day and has been a late-night refuel institution
* Both levels are accessible via rear foyer
* Garbage storage out the back with side street access
* Internal toilet
* Street parking right out front plus multi-level parking station directly behind

Anyone living in Manly or the surrounding areas knows the shop, and everyone coming by ferry to Manly will pass it at some stage in its position on Manly's main pedestrian ferry-to-the-beach thoroughfare.

Manly Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $374 ---
Retail --- $901 ---
Offices --- $861 ---
This is the average advertised price, rent and yield for Manly, NSW 2095*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in NSW for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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