Starbucks leases at Manly Beach

Starbucks leases at Manly Beach
Staff reporterOctober 19, 2016

The Starbucks coffee chain has leased one of the top corner retail locations on Manly Beach.

It has leased the Ocean Beach Tea Rooms at 110 The Corso.

Despite seemingly receiving a lukewarm reception from local residents, Colliers International agents Blake Harey and Scott Smith secured the chain as tenant for a local investor landlord.

The 152 square metre ground floor retail space that features heritage facades has been leased for seven years, with the option to extend.

They did not rent the first floor wraparound balcony, which remains vacant.

Industry sources estimated that the site would fetch an annual rent of more than $3000 per square metre, according to the local paper.

Editor's Picks

Where to buy a new apartment on the Sunshine Coast in 2025
First look: Rose Bay's downsizer push continues
Blackburne files for "most exciting new apartment development yet" in South Perth
Construction underway at Deicorp’s Melrose Central in Melrose Park
Albero in Greensborough brings walkability and green access to the fore