Level GF/37-41 Bayswater Road Potts Point NSW 2011

An excellent opportunity exists to capitalise on this sought-after retail investment tenanted to "Sonora" Mexican Restaurant. This is the newest venue from the established team who also operate ''Taqiza'' and "Carbon Mexican Woodfire" restaurants, both located at Bondi Beach.

This remarkable retail investment commands attention from local foot and passing traffic, situated on the corner of Ward Avenue and Bayswater Road, one of Potts Points busiest positions. It provides a well-equipped and licensed restaurant site in one of Sydney's most sought-after suburbs. This impressive and established operator is currently tenanted with a 5 year lease and 5 year option, and yields a high rental return of $109,788.52 per annum net (approx.)

This corner site caters to indoor and outdoor dining, with two street fronts and a comfortable 94 sqm layout. The new internal fit out features polished concreate flooring throughout, stone benchtops with a quality kitchen and appliances, while the ample refrigeration and glass counter storage provide additional space.

Additional highlights include secure parking and separate storage space, internal bathrooms, high ceilings, ducted air conditioning, floor to ceiling glass doors and windows opening onto the private courtyard. Surrounded by the major banks, boutiques, Woolworths, Coles and The Kings Cross Shopping Centre along with public parking, this rare investment ticks all the boxes.

Ready-made retail investment
Well-established and experienced tenant
Secure long lease until August 2024 plus an additional 5 year option
Net income $109,788.52 per annum plus GST
Fixed rental growth of 4% per annum
Low outgoings, approximately $4,600 per annum
94 sqm open layout of indoor and outdoor seating
26 sqm of parking and 8 sqm of storage
Valuable onsite liquor licence
Warm and inviting quality décor
Stainless steel finished kitchen
Stone counters and benchtops
Air conditioning, high ceilings & ample storage
Internal bathrooms + extensive refrigeration
Exceptional investment opportunity

Auction: Thursday 12th November 2020
Venue: On-Site
Time: 10:30am