434 Pittwater Road, North Manly NSW 2100

Exclusively Listed by Novak Properties. Novak Properties is proud to present Manly Maisonettes, a modern, purpose-built boarding house located in the highly sought-after beachside suburb of North Manly, on Sydney's prestigious Northern Beaches. | Land size: 778m² | Internal floor area: 504m² | 5% EXPECTED YIELD | High-quality, double brick construction | To build this block in 2026, it would cost $6m | 15 Self-contained studio apartments | Current gross passing income: $372,359.53 p.a. | Potential to increase yearly income to $425,000 | 100% Occupancy rate | Internal lift access between levels | 4 On-site car spaces generating additional income | Zoning: R2 Low-Density Residential – strong underlying land value | Construction Completed in 2017 – Depreciation Benefits Available | Proven track record of strong occupancy | Additional Revenue from communal laundry facilities | Extensive 36.5m frontage to Pittwater Road | Two private outdoor balcony areas | Additional garage/storage room Each studio is thoughtfully designed with an open-plan layout, combining living, dining, bedroom, and kitchenette areas, along with a private, fully equipped bathroom. Constructed over two levels with lift access between a durable Colorbond roof, this modern boarding house represents a rare investment opportunity in a tightly held location.