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419 Pacific Highway
Crows Nest NSW 2065
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Sold on 29 Oct 2015

419 Pacific Highway Crows Nest NSW 2065

  • Shop & Retail
  • 164 m²
  • Sold, $3,330,000

Lower North Shore Freehold Investment. New 10 Year Lease Plus Option to 2035.

New 10 year lease from April 2015 plus option till 2035.
Leased to Los Vida, a successful authentic Mexican restaurant chain with venues at Barangaroo, both the Westfield Pitt Street and Wintergarden centres in the Sydney CBD and expanding nationally.
Experienced tenant, previously director of Ruby L'otel and Sumo Salad.
Substantial 300sqm freehold building and restaurant with 200 seats.
Outstanding tenant fit out worth circa $800k.
Extremely successful and busy restaurant and bar.
Huge exposure to Pacific Highway and close to the new Woolworths shopping centre with over 300 car spaces, and the Crows Nest Hotel, which is undergoing a major refurbishment.
Possible future development upside (STCA).
Net lease with tenant paying all outgoings, as per lease.
Net Income: $192,000 pa + GST.

Auction 11am AEDT Thursday 29 October
Sofitel Wentworth Hotel, Sydney

AUCTION

Auction date and time29/10/2015 11:00
Auction locationSofitel Wentworth Hotel

Property Highlights

Date Sold29 Oct 2015
Sold Price$3,330,000
Floor AreaAsk Agent
Land Area164 m²
ParkingAsk Agent
Property ID2012292503
Category
Last updated  30 Oct 2015
Map for 419 Pacific Highway Crows Nest NSW 2065

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Property Highlights

Date Sold29 Oct 2015
Sold Price$3,330,000
Floor AreaAsk Agent
Land Area164 m²
ParkingAsk Agent
Property ID2012292503
Category
Last updated  30 Oct 2015

Listed by

Kieran Bourke
Kieran Bourke
Burgess Rawson Sydney
Call
0417 418 007

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