PRICE GUIDE - $2,000,000 - Indicative Yield 4.7%
CBRE, as the exclusive sales agent is pleased to present to market, Shop 11, 161 Middle Head Road, Mosman. The property represents a well-established and highly desirable retail investment opportunity in Mosman, one of Sydney's most exclusive property markets. The incumbent tenant, Yachiyo Japanese Bistro (62* seat restaurant), has been in occupation for over 9 years and is extremely highly rated earning an astounding 4.5/5 star rating from over 140 Google Reviews, cementing it as one of the most popular restaurants in Mosman. The property benefits from an inviting outdoor alfresco dining area (leased from council by tenant) with seating for 35* patrons, large glass shop front, high exposure signage, a full commercial kitchen including a grease trap and exhaust, and a liquor license.
The brand new 5+5 year lease ticks all the boxes with the tenant paying for all outgoings, 3% annual rental increases, a bond and a guarantor, whilst generating a generous net annual income of $93,600* per annum. The prestigious nature of Mosman is reflected in its affluent demographic and is one of the driving factors behind area's robust property market. Conveniently positioned along Mosman's coveted retail strip, the property is enhanced by surrounding high-end retailers, popular eateries and nearby public parking amenities.
Shop 11, 161 Middle Head Road, Mosman benefits from the following key attributes:
Net annual income: $93,600
Secured by Bond and Guarantor
Brand new 5 + 5 year lease
Tenant pays 100% of outgoings
Fixed 3% annual rental reviews
Tenant, Yachiyo Japanese Restaurant, in occupation for over 9 years
Tenant rated 4.5/5 stars from over 140 Google Reviews
Large glass shop front and high exposure signage
Situated on Mosman's coveted retail strip, surrounding high-end retailers, popular eateries and nearby council parking
Inviting alfresco dining area with seating for 35* patrons (leased from council by tenant)
Full commercial kitchen with grease trap and exhaust
Liquor license
Conveniently positioned nearby two large council car parks
Shop 11, 161 Middle Head Road, Mosman will be sold via Private Treaty with a price guide of $2,000,000 and an indicative yield of 4.7%.
Inspections to be held by appointment as per COVID-19 Greater Sydney restriction requirements. Please enquire directly with the exclusive agents to arrange a private viewing.
For more information or to request access to the due diligence room, please contact the exclusive selling agents.
*Approx.
