Manly's last beachfront property changes hands through Savills
One of Manly’s last remaining beachfront freehold properties has just sold through Savills.
Offered for the first time in 50 years, the property at 15-16 South Steyne changed hands for an undisclosed sum.
Zoned Flexible B2 Local Centre zoning, the property was marketed as a development opportunity through an expressions of interest campaign that closed on September 14.
It is close to Manly Wharf with two street frontages.
The selling agents were Neil Cooke, Stuart Cox and Tim Grosmann of Savills.
It was previously home to the Royal Far West school, which provides support and services to local country kids for more than 80 years. It was put on the market with expectations of $10 million, Fairfax Media added.
Three budget accommodation sites in Manly, including the suburb’s biggest backpackers, are for sale.
The accommodation represents almost 200 guest beds, are all close to the beach.
The Manly Guesthouse in Steinton Street is being offered as a going concern but the Manly Backpackers in Raglan Street and a colourful boarding house on the corner of Whistler and Steinton Streets are advertised as potential development sites.