1/17-19 Central Ave, Manly … it looks like a European style grocery or deli from the street.
From the street, it looks like the entrance to a European style grocery or delicatessen … but a surprise awaits beyond a fridge door.
A spiral staircase leads down to The Cumberland, which Time Out last year described as reminiscent of a bar in “the glowy, candelit heart of New York City in the 1920s”.
“Cove Deli”, with its mosaic tiles, bespoke joinery, handles from the 18th century and customised fittings from Europe, is actually the food service for the speakeasy-style underground bar.
“Just light nibbles to have with your cocktail,” says the Belle Property Commercial Northern Beaches agent James Willing.
“When you walk in from the street, you don’t quite know where you are, but then you pop through the fridge door and down the stairs and you’re in a bar.”
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A surprise awaits beyond the “fridge” door …
Stairs lead down to The Cumberland, which Time Out last year described as reminiscent of a bar in “the glowy, candelit heart of New York City in the 1920s”.
What’s for sale is the 114sqm floor space and shopfront with the bespoke underground hospitality venue.
The Cumberland operates in the premises on a five year lease with an option to extend until 2035.
Willing said the net return is 7.8 per cent.
The net income is $152,665 plus GST and the price guide of the property is $1.95m.
“It would suit a mum and dad investor or someone wanting extraordinary premises,” he added.
The Cumberland operates in the premises on a five year lease with an option to extend until 2035.
Number 1/17-19 Central Ave is steps from Manly Beach and The Corso and close to a major parking station.
“Ongoing planning reforms and Northern Beaches Council’s proposed Manly entertainment precinct upgrades, including extended trading hours and improved public spaces, are set to further elevate the area’s vibrancy,” Willing said.
A “speakeasy” is a hidden, clandestine bar.
The term originates from the 1920s Prohibition era in the US, when alcohol was illegal and patrons had to quietly “speak easy” (whisper) at the door to avoid drawing the attention of law enforcement or the public.
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