Media release - 20^th September, 2013

Bayside development opportunity through Raine & Horne Wynnum/Manly

497 Royal Esplanade, Manly on sale for $4.9 million – it last sold for $1.075 million in 1999
The adjoining property at 11 Benalla Street, Manly is also for sale for $795,000
Combined the two properties offer almost 2,000 sqm of scarce water frontage in Manly with development potential

The federal election is over yet the Queensland property market continues to poll strongly.

Highlighting the strength of Brisbane’s post-election market, Raine & Horne Wynnum/Manly’s Margaret Vote has listed a stately and stunning five-bedroom home at 497 Royal Esplanade, Manly for sale for $4.9 million.

497 Royal Esplanade, Manly “The sale is ‘setting a new benchmark’ for the eastern Bayside suburb and represents a rare opportunity to acquire significant water frontage on the tightly-held Royal Esplanade overlooking Manly Boat Harbour,” says Ms Vote.

“It’s an honour to present this truly rare and remarkable property situated on 1,295 sqm of land on the Royal Esplanade Manly waterfront,” said Ms Vote.

The home, which also comes with three bathrooms, three expansive living areas, three dining rooms, and more remarkably, two internal staircases, was designed by architect John Dalton, renowned as the ‘Master of Climatology’ at University of Queensland.

“Every residence John created was built with respect for climate, aspect and cross-ventilation and his design for this property provides many interesting features and angles that make this home special,” said Ms Vote.

“The property is private yet its location offers superb water views from the stunning wrap around verandas and balcony.”

Other significant features include wide doors and halls, copious storage space, and an office with a separate entry.

The property also comes with an outstanding Tasmanian Myrtlewood kitchen, complete with Miele appliances, and last sold for $1.075 million in 1999.

“The property is zoned for units, while there is also an option to purchase an adjoining property at 11 Benalla Street, Manly, for future unit development,” says Ms Vote.

-ENDS-

For further media information contact:

Margaret Vote, Principal, Raine & Horne Wynnum Manly, 0411 521 747

Andrew Harrington, National Marketing & Communications Coordinator on 02 9258 5400

Rare Brisbane waterfront home lists for $4.9 million