Two commercial spaces in the tightly-held Manly village have hit the market, providing the rare opportunity to snap up a restaurant or bar space in the area.
Located at 1/191 Stratton Terrace and 2/191 Stratton Terrace, the properties are situated at the ground floor of the new 191 Stratton development, a 43 unit apartment complex.
Ray White Commercial Bayside listing agent Benn Woods said no properties of this kind had come to market in Manly in over 10 years.
“Opportunities to secure ground floor food and beverage premises rarely come to market in this tightly-held enclave, presenting owner-operators with a truly unique chance to purchase their own premises in this exclusive Bayside suburb,” Mr Woods said.
“Situated at the entrance to this new landmark development designed by Ellivo architects and delivered by DeMartini Fletcher, this exclusive purpose-built food space presents an exceptional opportunity to purchase in tightly-held Manly village.”
The 187sqm strata titled premises at 1/191 Stratton Terrace will include a 112sqm air-conditioned internal restaurant space, plus a 75sqm undercover alfresco dining area, with an impressive 20m fully glazed frontage.
“The neighbouring 86sqm bar premises across the courtyard at 2/191 Stratton Terrace (pictured above), presents operators with the ability to capitalise on efficiencies of scale, while fashioning two new food and beverage concepts that complement and enhance one another,” Mr Woods said.
“This boutique space welcomes whisky, gin or cocktail bar proprietors to enter the Manly village mix, but could just as easily suit tapas, wine, or other fine food providores.
“With younger professionals moving from the city towards the water, and an existing set of high net worth individuals living in the immediate surrounds, 2/191 Stratton Terrace presents an exceptional opportunity for bar keepers looking to take their next step.”
The property is available for purchase via expressions of interest closing at 4pm on Thursday, November 25.