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Sold on 24 May 2016

28 Falcon Street Crows Nest NSW 2065

  • Shop & Retail
  • 155 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.

    Tim Abbott
     Ray White Lower North Shore
    Tim Abbott
    Ray White Lower North Shore
    Scott Stephens
     Ray White Lower North Shore
    Scott Stephens
    Ray White Lower North Shore
    Michael Counihan
     Ray White Lower North Shore
    Michael Counihan
    Ray White Lower North Shore

    Property Highlights

    Property ID2012768620
    Date Sold24 May 2016
    Floor Area155 m²
    Land Area239 m²
    ParkingAsk Agent
    Category
    Last updated  19 Jul 2016
    Map for 28 Falcon Street Crows Nest NSW 2065
    Map for 28 Falcon Street Crows Nest NSW 206528 Falcon Street Crows Nest NSW 2065
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    • Purchase price

      $
      1,234,567

    • Deposit available

      $
      123,456

    • Loan term

      30
      years

    • Interest rate

      3.00
      %

    repayments

    $0/month*

    Find out your loan options

    Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

    Tim Abbott
     Ray White Lower North Shore
    Tim Abbott
    Ray White Lower North Shore
    Scott Stephens
     Ray White Lower North Shore
    Scott Stephens
    Ray White Lower North Shore
    Michael Counihan
     Ray White Lower North Shore
    Michael Counihan
    Ray White Lower North Shore

    Property Highlights

    Property ID2012768620
    Date Sold24 May 2016
    Floor Area155 m²
    Land Area239 m²
    ParkingAsk Agent
    Category
    Last updated  19 Jul 2016
     Ray White Lower North Shore
    102 Glover St Mosman NSW 2088
    Tim Abbott
     Ray White Lower North Shore
    Tim Abbott
    Ray White Lower North Shore
    Scott Stephens
     Ray White Lower North Shore
    Scott Stephens
    Ray White Lower North Shore
    Michael Counihan
     Ray White Lower North Shore
    Michael Counihan
    Ray White Lower North Shore

    Ask Tim Abbott about this property

    Tim Abbott

    Tim Abbott

    Ray White Lower North Shore

    Scott Stephens

    Scott Stephens

    Ray White Lower North Shore

    Michael Counihan

    Michael Counihan

    Ray White Lower North Shore

    0425 *** ***
    0425 285 833

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