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28 Falcon Street
Crows Nest NSW 2065
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Sold on 24 May 2016

28 Falcon Street Crows Nest NSW 2065

  • Shop & Retail
  • 239 m²
  • Sold

Blue-Chip Investment with Future Potential in Popular Crows Nest

An astute investment opportunity, this blue-chip retail premises with a long term tenancy in place presents as a unique commercial real estate offering with future development potential (STCA).

Leased to a popular bar benefiting from a rare late night 3am liquor licence, 'The Foxtrot Inn' is an attractive investment in its own right in a booming Lower North Shore location.

Current Business

- 'The Foxtrot Inn' is a busy late night venue with a 3am Liquor Licence
- Current net rent of $93,000 plus GST per annum with fixed 4% annual rental increases
- Tenant is responsible for all outgoings and management fees
- Net lettable area of 155sqm (approx.) over a split level layout with rear lane access with parking for up to 4 cars
- Substantial fitout in place complete with kitchen including grease trap and exhaust extraction system
- Profitable investment currently tenanted on a 5 year lease with two 5 year options
- Rare Liquor Licence with PSA (Primary Service Authorisation) allowing for the sale of liquor to patrons without food or any other service

Location

- 239sqm (approx.) of land with B4 Mixed-Use zoning allowing for future development (STCA)
- Bustling location close to the new Woolworths supermarket and Council car park and a range of restaurants
- Close proximity to St Leonards Train Station, the new Crows Nest train line and bus lines linking the Upper North Shore to the Sydney CBD
- Metres from the newly refurbished Crows Nest Hotel, the only other late night venue currently servicing Crows Nest
- Positioned within close proximity to North Sydney, Neutral Bay and the City centre

For more information please visit www.28falconstreet.com

Scott Stephens 0409 960 006
Tim Abbott 0425 285 833
Michael Counihan 0434 731 214

Proudly marketed by LJ Hooker Projects & Developments and LJ Hooker Retail & Commercial.

** All information contained herein is gathered from sources we consider to be reliable, however we cannot guarantee or give any warranty to the information provided.

Ray White Lower North Shore Group
Ray White Lower North Shore Group
102 Glover St
Mosman, NSW 2088

Property Highlights

Date Sold24 May 2016
Floor AreaAsk Agent
Land Area239 m²
ParkingAsk Agent
Property ID2012768620
Category
Last updated  19 Jul 2016
Map for 28 Falcon Street Crows Nest NSW 2065

Nearest transport* to 28 Falcon Street Crows Nest NSW 2065

Bus
Train
Ferry
Falcon St At Alexander St39 m
Alexander St After Falcon St63 m
Alexander St Before Hayberry St65 m
Alexander St After Burlington St74 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Ray White Lower North Shore Group
Ray White Lower North Shore Group
102 Glover St
Mosman, NSW 2088

Property Highlights

Date Sold24 May 2016
Floor AreaAsk Agent
Land Area239 m²
ParkingAsk Agent
Property ID2012768620
Category
Last updated  19 Jul 2016

Listed by

Tim Abbott
Tim Abbott
Ray White Lower North Shore Group
Call
0425 285 833

More about 28 Falcon Street Crows Nest NSW 2065

28 Falcon Street Crows Nest NSW 2065 is categorized as Shop & Retail Property. It has a land area of 239 m². The listing ID for this property is 2012768620.

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