Positioned on one of the Peninsula's most tightly held waterfront corridors, 184 Hornibrook Esplanade represents a strategic, income-producing freehold with dual commercial frontages and a fully self-contained three-bedroom residence above.
This is a rare opportunity to secure a blue-chip coastal asset with multiple income streams, strong holding fundamentals, and future value-add potential.
KEY FEATURES:
- Oceanfront 534m² corner site with commanding exposure
- Two ground-floor commercial tenancies with established occupants
- Shop 1 (approx. 65m²)
- Current rent: $21,218 p.a. + GST
- Lease Renewal Agreement2025
- Shop 2 (approx. 76m²)
- Current rent: $38,000–$41,000 p.a. + GST
- Self-contained 3-bedroom residential unit on the upper level
- Current rent: $340/week = $17,680 p.a. (tenant on fixed term to 07/01/2026)
- Fully leased with dependable tenancy history
- Ledger shows consistent payments and stable tenancy performance
- Favourable lease structures with extensions secured through 2027 for commercial tenants
- High-visibility commercial frontage on a major coastal connector
- Future uplift options including refurbishment, re-tenanting, additional signage, or redevelopment (STCA)
INCOME SUMMARY (FROM ATTACHMENTS)
Commercial Income:
Shop 1 – $21,218 p.a. + GST
Shop 2 – $38,000–$41,000 p.a. + GST
Total commercial income (actual): ~$60,887 p.a. (ex GST) per tenancy schedule
Residential Income:
$17,680 p.a. (based on $340/week)
Total Combined Income:
~$78,500–$82,500 p.a.
Low outgoings exposure, with tenants covering consumables per lease terms.
WHY THIS ASSET WORKS
A rare coastal freehold delivering three income streams, strong tenant retention, and outstanding exposure on a gateway Peninsula location.
The blend of commercial stability plus residential upside makes this an exceptional long-term hold with inherent land value on one of Clontarf's highest-demand esplanade corridors.
Interested parties should request the full Information Memorandum, lease summaries, and financials.
▶
