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

Auction date and time12/11/2020 10:30
Auction locationLevel Gf/37-41 Bayswater Road, Potts Point NSW
Stanton Hillier Parker Sydney
Stanton Hillier Parker Sydney
Suite 35, Level 5, 35 Clarence Street
Sydney, NSW 2000

Property Highlights

Date Sold11 Nov 2020
Floor Area128 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2016549345
Category
Last updated  11 Nov 2020
Map for Level GF/37-41 Bayswater Road Potts Point NSW 2011

Nearest transport* to Level GF/37-41 Bayswater Road Potts Point NSW 2011

Bus
Train
Tram
Ferry
Kings Cross Rd After Ward Av164 m
Craigend St At Oswald Lane198 m
Kings Cross Station209 m
Victoria St After Craigend St229 m
This data is © 2024 Transport for NSW, licenced under CC BY 4.0.
*Within a 4km radius
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Stanton Hillier Parker Sydney
Stanton Hillier Parker Sydney
Suite 35, Level 5, 35 Clarence Street
Sydney, NSW 2000

Property Highlights

Date Sold11 Nov 2020
Floor Area128 m²
Land AreaAsk Agent
Parking1 x Onsite parking
Property ID2016549345
Category
Last updated  11 Nov 2020

Co-Agents

James Griffiths
James Griffiths
Stanton Hillier Parker Sydney
Call
0415 371 668
Shane Wall
Shane Wall
Stanton Hillier Parker Sydney
Call
0402 649 252

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

Level Gf/37-41 Bayswater Road Potts Point NSW 2011 is categorized as Shop & Retail Property. It has a floor area of 128 m². There are 1 x onsite parkings.The listing ID for this property is 2016549345.

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