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18 Kangaloon Road Bowral NSW 2576

  • Hotel / Leisure
  • Floor Size1,274 m²
  • PriceCommercial Auction

Rare Investment with Upside - Affluent Southern Highlands Region

Biota comprises two restaurants plus 12 well presented queen rooms
Huge 6,042 sqm site with major residential development upside with potential for up to 36 dwellings (STCA)
Established tenant on long term lease with options to 2030
Biota fine dining is a highly awarded two hatted restaurant established in this location since 2010
Tenant undertook major refurbishment in early 2019 incl. launching Berthas Meats bar and grill which is a casual alternative to their fine dining
Generous fixed 3% annual rent increases
Attractive net lease with tenant paying outgoings, as per lease

Net Income
$298,555 pa + GST

11am AEST Tuesday 6 August 2019
Doltone House Hyde Park, Sydney

Auction date and time06/08/2019 11:00
Auction location18 Kangaloon Road, Bowral NSW

Property Highlights

Property ID2015425756
Floor Area1,274 m²
Land Area6,042 m²
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  8 Jul 2019
Map for 18 Kangaloon Road Bowral NSW 2576
Burgess Rawson Sydney
Level 18, 15 Castlereagh Street Sydney NSW 2000

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