184 Hornibrook Esplanade

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.