6&7/1a Tuggerah Parade, THE ENTRANCE NSW 2261
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- 7 Oct 2016
High Return Circa 8% . Absolute Waterfront Restaurant Investment in Popular Central Coast Hotspot.
Secure 5 year lease to Arabian Lounge on The Entrance foreshore
to July 2020 + option to 2030.
Arabian Lounge: middle eastern restaurant with entertainment specialising in functions.
The Entrance SPD: idyllic coastal location with strong resident population of 26,800.
Part of the Wyong Shire: strong resident population of 160,638 expected to grow by nearly 55,000 residents to 215,554 by 2036.
Absolute waterfront dining with internal & al fresco seating.
High quality modern restaurant of approximately 390 sqm.
Includes an internal dining/kitchen area of 278 sqm along with al fresco dining of 112 sqm.
Ample street parking + 5 basement car spaces.
Net lease, tenant pays outgoings as per the lease.
Easily managed single tenant investment.
Indicative return circa 8%
Net Income: $131,300 pa + GST.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
6&7/1a Tuggerah Parade THE ENTRANCE