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Sold on 11 Nov 2020

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

  • Shop & Retail
  • 128 m²
  • Sold

Prime Corner Position Retail Investment

    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


    Auction date and time12/11/2020 10:30
    Auction locationLevel Gf/37-41 Bayswater Road, Potts Point NSW

    Property Highlights

    Property ID2016549345
    Date Sold11 Nov 2020
    Floor Area128 m²
    Land AreaAsk Agent
    Parking1 x Onsite parking
    Last updated  11 Nov 2020
    Map for Level GF/37-41 Bayswater Road Potts Point NSW 2011
    Map for Level GF/37-41 Bayswater Road Potts Point NSW 2011Level GF/37-41 Bayswater Road Potts Point NSW 2011
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    LJ Hooker Commercial Sydney |North Sydney
    Level 7, 9-13 Castlereagh Street Sydney NSW 2000

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