Manly Lodge - A Truly Rare Investment
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56 Ernest Street Manly qld 4179
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: - Free Standing 407m2 elevated block of land with bay views - 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.
