Centrally located in Canberra's CBD, the Sydney Building is primely positioned within a 100m radius to the light rail, bus depot, various cafes and restaurants. The area is undergoing significant government improvements. This property backs onto Verity Lane, which provides important functional requirements for businesses in the Sydney Building including waste storage and disposal; deliveries; customer parking and alfresco dining.
Fantastic Canberra CBD owner occupier and partial-investment opportunity to purchase a strong and diversified asset in the historic Sydney Building.
Property Features:
- Captive market, CBD location opposite light rail stop
- Current Income: $62,100 pa* + GST
- Total NLA: 381sqm* (approx)
Ground Floor & Mezzanine (unit 1): Vacant 200 sqm with existing bar fitout
Unit 1, located on Ground and Mezzanine levels is currently vacant, and is the perfect prospect for you to open your own bar/restaurant business here. Recently vacated by '5th Avenue' this property has had recent cosmetic work and is in a fantastic condition, with a commercial kitchen, bar (including beer lines and keg-room, sound system and AV equipment and ample bathroom amenities. The mezzanine level offers a secondary bar and private entertaining areas
First Floor (unit 2): Freestyle Tattoo Studio 181sqm
Freestyle Tattoo is a strong operator, with an excellent business model and market presence and have recently upgraded their tenancy with the expectation to be here for a long future.
With the tenant paying their share of outgoings on top of annual rent, this is a fantastic opportunity to buy your ideal property with some residual income coming in.
For sale by Private Treaty, contact Chris Antos for more information.
