Apartment Style Living + Serious Passive Income
Manly, 3 & 5 Moreton Drive
One very unique property is on offer here - set on 1738m2 in two titles you get to enjoy apartment style living with no neighbours close by in the weekends or evenings .... and ..... a substantial passive income from an excellent commercial tenant.
Offering you a spacious first floor apartment style residence with a large deck, great views and no lawns, this home has the added bonus of a garage, good storage and extra parking for a car, boat or campervan. From the moment you walk up the stairs, your eyes are drawn out to the great view of Big Manly beach and the activity on the water, while a short walk will see you wandering along the beach. A great 'lock and leave' property or perfect for those that want space and privacy without having to have a huge home to achieve it.
ABC Childcare, now owned by Kiddicorp occupy the downstairs of No 3 and also No 5 - the apartment is on the first floor of No 3 with a concrete floor between. Their current leases, which run concurrently on both properties run until October 2016 with two rights of renewal thereafter of five years each and the bonus of annual rental increases in line with the CPI Index. All consents are in place along with a healthy income. The business hours of the daycare are 8.30-5.30 Monday to Friday.
Manly is a sought after location and it is not often you can get this view of the beach and be this close to it, well worth your early inspection - see you soon.
|Land Size||1738 sqm|
|Property Type||Home & income|
|Garaging/carparking||Single lock-up, Off street|
|Construction||Block, Cedar and Fibrolite with Plaster|
|Insulation||Walls, Floor, Ceiling|
|Window coverings||Drapes, Blinds|
|Heating/Cooling||Ceiling fans, Electric|
|Electrical||Satellite dish, TV points, Phone extensions|
|Property features||Security system, Smoke alarms|
|Chattels remaining||Blinds, Drapes, Fixed floor coverings, Light fittings, TV aerial|
|Kitchen||Standard, Open plan, Dishwasher, Separate cooktop, Separate oven, Extractor fan, Double sink, Waste disposal, Breakfast bar, Pantry and Finished in Laminate|
|Living area||Open plan|
|Main bedroom||Double and Built-in-robe|
|Bedroom 2||Double and Built-in/wardrobe|
|Outdoor living||Entertainment area (Covered and Other surface), Clothes line, BBQ area (with lighting and with power), Deck/patio|
|Land contour||Flat to sloping|
|Grounds||Landscaped/designer, Backyard access|
|Water supply||Town supply, Tank|
|Locality||Close to transport, Close to schools, Close to shops|