Located in the heart of Waverley's retail precinct on Bronte Road, this rare freestanding retail investment is located in arguably one of the best positions the street has to offer. This property is tenanted to a longstanding and very established experienced restaurant operator ''Bronte Road Bistro'' who have been trading from this location since 2008, on a new secure long lease until May 2022 with a further 5 year option. It yields a high net rental return of $100,783.00 per annum plus GST.
This impressive retail investment commands attention from the street and caters to indoor and outdoor drinking and dining.
It possesses a comfortable interior layout, with bi-folding doors opening out onto a private courtyard overlooking the street. It has a good sized and functional commercial kitchen along with ample indoor seating. The quality internal fit-out features an abundance of natural light, timber flooring throughout, stone bench tops with a quality kitchen and appliances, while ample refrigeration and glass counter storage provide additional space. Further highlights include a secure car space.
This impressive investment prospect appeals to the competitive retail market and showcases all that the Eastern Suburbs has to offer.
KEY FEATURES:
- Net income $100,783.00 per annum plus GST
- Fixed rental growth of 3% per annum
- Low outgoings (tenant pays all outgoings)
- Comfortable 124 sqm open layout, outdoor seating/ courtyard
- Warm and inviting quality décor, stainless steel finished kitchen, stone benchtops
- Air conditioning, high ceiling, ample storage plus extensive refrigeration
- Valuable secure car space located in the building
- Valuable DA and liquor licence
*Approx
Method of Sale: Auction
Date: 1st August 2019 at 10:30am
Venue: Level 26, 9-13 Castlereagh Street, Sydney
For more information please contact the Exclusive Agent:
Steven Kruyer
Mobile: 0414 404 070.
