703/22 Central Avenue, Manly NSW 2095

Seventh-floor beach views | Fully furnished | Prime school catchment | High rental demand This unit presents a competitively priced entry into the tightly held Manly market, distinguished by its furnished presentation and commanding seventh-floor aspect with beach views, a configuration that is rare for one-bedroom offerings. The property’s position within the well-established Manly National building, directly within the catchment of the sought-after Manly Village Public School, creates a compelling proposition for both owner-occupiers seeking a lifestyle purchase and investors targeting the strong local rental market. The recent rental of $750 per week for this specific unit, with a deposit secured, demonstrates immediate income viability, while the building’s balanced tenure distribution indicates a stable ownership base without excessive investor churn. The primary financial consideration is the strata levy, which at over $2,500 per quarter imposes a significant carrying cost that directly impacts net yield and serviceability. The auction guide of $950,000 sits notably below recent building sales, suggesting a potential value opportunity, but also reflects the smaller 42sqm internal area. For a buyer, the commercial logic is to capitalise on the furnished, view-oriented premium to secure a high-quality tenant or personal use, offsetting the strata burden. Acquire this as a long-term hold to benefit from Manly’s intrinsic scarcity; its value is in the land component of the strata title and the irreplaceable aspect, not the interior space. The data supports a bid at or near the guide, with a clear ceiling defined by the cost of comparable, larger units without its views. Recent sales within the building provide a clear benchmark: – Unit 725 (1 bed, 1 bath, 1 car) sold for $1,050,000. – Unit 909 (1 bed, 1 bath, no car) sold for $1,075,000. These transactions, achieving over $1.05 million, establish a firm value floor for one-bedroom configurations. This unit’s $950,000 guide, which includes both a parking space and superior beach views from a high floor, is positioned aggressively below this established market level, indicating a potential pricing discrepancy a savvy buyer can exploit.