CBRE is pleased to present to the market H&R Block and MVMT Studio, located at 25 Belgrave Street, Manly NSW, for sale via Expression of Interest closing Wednesday the 26th of August at 4pm (AEST).

The opportunity has the following key investment highlights:

+ Five (5) year lease to H&R Block through to November 30, 2026
+ H&R Block: Australia’s largest preparer of personal tax returns, operating a national network of 470+ locations, and having claimed in excess of $1b in deductions for Australian taxpayers¹
+ Three (3) year lease to MVMT Studio plus one (1) further three (3) year option to 2030
+ MVMT Studio: fitness and wellness studio offering a comprehensive range of strength, mobility and pilates classes
+ Attractive 3% annual rental increases, ensuring compounding income growth
+ Includes an oversized 3-bedroom residential apartment with a large entertainer’s balcony on the first floor
+ Perfectly positioned 197sqm* freehold landholding improved by a well presented 288sqm* multi-level building
+ Future development upside via E1 Local Centre Zoning, 15m height limit and 3:1 FSR (STCA)
+ Prominent dual street frontage featuring exposure to Belgrave Street, one of the main thoroughfares through Manly
+ Strategic positioning in Manly, just 200m* to the iconic Manly Corso anchored by national retailers Coles, Hungry Jacks, Fishbowl and Chemist Warehouse, and moments from the famous Manly Beach
+ Manly: one of Sydney’s premier and most visited tourist destinations, attracting 9 million visitors every year²
+ Net Income: $179,405 pa* + GST
+ Total projected net market rent: $219,109 pa* + GST

To be sold via Expression of Interest
Closing Wednesday the 26th of August at 4pm (AEST).

Please contact the exclusively appointed sales team for more information.

*Approx
1 H&R Block
2 Manly Council