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
The size of Woollahra is approximately 1.3 square kilometres. It has 12 parks covering nearly 10.4% of total area. The population of Woollahra in 2011 was 7,180 people. By 2016 the population was 7,387 showing a population growth of 2.9% in the area during that time. The predominant age group in Woollahra is 30-39 years. Households in Woollahra are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Woollahra work in a professional occupation. In 2011, 57.4% of the homes in Woollahra were owner-occupied compared with 58.2% in 2016.
Woollahra has 4,585 properties. Over the last 5 years, Houses in Woollahra have seen a 72.47% increase in median value, while Units have seen a 21.16% increase. As at 31 July 2024:
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