Sydney, 27 May 2015 – CBRE has been exclusively appointed to sell a prestigious Manly landmark, the Manly Bathers Pavilion, on behalf of the appointed administrators Grant Thornton.
The 1,540sqm pavilion, located at West Esplanade (Cnr Commonwealth Pde), boasts uninterrupted harbour and headland views and close proximity to the Manly Wharf, which is host to the Manly bus and ferry terminal.
The site, which was extensively refurbished in 2009, features a fully fitted out restaurant with outdoor seating and terrace area ready for immediate occupation and vacant ground level commercial/retail space with DA approval for a function centre.
CBRE’s Tim Grosmann will be negotiating the sale via an Expressions of Interest campaign closing 17 June 2015 at 5pm.
Mr Grosmann said the site’s unparalleled location, profile and existing improvements represent an opportunity that is rarely offered in Sydney, and should lead to a competitive sales campaign.
“Manly Bathers Pavilion is synonymous with the Manly area and will offer the new owner an established business operation with plenty of scope to further develop and increase the facilities on offer”, Mr Grosmann said.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.