Commercial Investment Centrally located building with a well presented restaurant as a secure tenant on long term lease. The strata premises allows for an opportunity to secure the business separately for an owner occupier or for an astute investor.
Commercial Opportunity Dual street access makes this property well worth a look with future development potential STCA....Street level comprises of approx 75sqm of usable retail space and another 100sqm of storage and office areas. The upper level (formally a 2 bedroom residence) is currently used for additional storage and under utilised. Currently tenanted with 7 months remaining and a 3 year option pending. The property is in sound condition but would benefit from a future update.
- Net Lettable Area: 534m2 (approx.) - Site Area: 1,081m2 (approx.) - Potential Redevelopment Opportunity (STCA) - Zoned B2 Local Centre - Large Car Park to the Rear - Classic Art Deco Style Building - Multiple Potential Uses (STCA) - Located in the Centre of Katoomba Opposite the Railway Station - Dual Street Access
State-of-the-Art Childcare. 12 Yr Lease to G8 Education. Market leading 120 place childcare centre. Total new rebuild to highest industry standard. Secure 12 year lease until May 2027 plus options extending until 2042. G8 Education Ltd is the largest ASX Listed childcare provider with over 400 centres across Australia. Attractive 3.5% annual rent increases. Katoomba is the commercial hub of Blue Mountains City LGA with an estimated 77,957 population (2014)* and growing. Attractive taxation depreciation benefits. Easily managed, single tenanted investment. Net Income: $280,000 pa + GST (estimated).