UNDERCAPITALISED EASTERN SUBURBS FREEHOLD

Ray White Commercial Eastern Suburbs is pleased to present 125 Manning Rd, Woollahra for sale by Public Auction.

This property presents an incredible opportunity to acquire a freehold property with scope to reposition, develop + add value.

Property Highlights:

- Located in a neighbourhood retail setting directly opposite Cooper Park
- Underdeveloped 2 level freehold building with scope to add value
- Incredible opportunity for developers, investors + / or future owner occupiers.
- Offer dual access from both front and side of the building with courtyard at the rear.
- Leased to established health / wellness business "Empowered Health + Performance"
- Annual Rental Income: $65,000pa + GST (approx.) with flexible lease in place
- Directly next door to popular local favourite "Cafe Arno"
- Moments to Bondi Junction Bus / Train Interchange + Westfield Shopping Centre

Development Highlights (Woollahra LEP 2014)

- Land Size: 223m2 (approx.),
- Existing Building Area:121m2 (approx.)
- FSR 1.5:1 / 11m Height Limit
- Potential Building Area: 335m2**
- E1 Local Centre Zoning which allows for a variety of uses**

**Subject to Council Approval

Auction Details

Date: April 11th, 2024 @ 6pm (unless sold prior)
Location: Ray White Double Bay Office, 356 New South Head Rd, Double Bay

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