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8-28 The Corso, Manly, NSW 2095

Trophy Coles-anchored Retail Investment on Manly Corso

Stonebridge is proud to exclusively present Coles Manly Corso, a trophy retail investment comprising a Coles supermarket and 3 other tenants, including NAB and the Commonwealth of Australia. Positioned just metres from the globally renowned Manly Wharf and Manly Beach in the heart of Manly’s CBD, the property boasts an irreplaceable location in a tightly held precinct with significant barriers to entry.


The key investment highlights are as follows:


  • Anchored by Coles, NAB & Commonwealth of Australia with 8 basement car spaces – the first time offered for sale in approximately 40 years

  • Long WALE of 6.7 years* by area & 100% occupancy rate

  • Irreplaceable real estate occupying one of the largest landholdings(1) along the iconic Manly Corso with a 45 metre* prime retail frontage

  • Positioned in one of Sydney’s most popular tourist destinations attracting over 1.8 million visitors annually(2), only 200m* from Manly Wharf and 400m* from Manly Beach

  • Outstanding income security with 95%* of income secured by ASX-listed Coles Group, NAB & Commonwealth of Australia with strong rental growth provisions

  • Coles is secured on a 10-year lease plus option to 2042, with 3-yearly rent reviews and rental uplift potential a ratcheted market review in July 2025(3)

  • Affluent catchment with per capita income 51% higher than Greater Sydney average(4)

  • Extremely tightly held precinct with high barriers to entry for future competition

    • Coles Manly Corso is for sale via Expressions of Interest closing Thursday 29th May 2025 at 4pm (AEST).


    To obtain further information or to arrange an inspection, please contact the exclusive selling agents.


    * Approximate (1) Stratum Lot Area (2,945 sqm*) (2) Manly visitor profile, YE Dec-23 (3) Main Coles Area only (Coles Specialty Area on 4% increases) (4) Location iQ, within a 3km radius


     

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    Property Info

    Municipality
    Manly

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    Statement of Information

    Stonebridge - Sydney

    Philip Gartland

    +61 40 ...

    Stonebridge - Sydney Sydney

    14 Martin Place

    Sydney, NSW 2000

    Tel: +61 2 9254 9900

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