Secure Commercial Investment in Shellharbour Village
Located in the sought after Shellharbour Village, this property is a seaside trophy investment, just steps from the waters edge and the Shell Cove Marina Precinct, leading the regional boom.
Land Area: 639 m2 Approximate
Building Area: 920 m2 Approximate
Zoning: B2 – Local Centre
The property is fully leased with the lessee trading in both levels as Addison’s Beach House Restaurant at ground level and Addison’s Piano & Cocktail Lounge on the first level.
Net Income: $145,000 (exclusive of GST)
Outgoings: Payable by Lessee
Lease Term: 3 years from 24th November 2017+ 2 x 3 year options.
Indicative Yield: 5.57% per annum.
Proven Establishment with a Superb Reputation
Couples, friends, families and function groups can enjoy an affordable dining experience. The business has built a fantastic reputation in recent years and has a strong and loyal customer base that return to the venue for its great food, ambiance and entertainment. The Restaurant as visible on Social Media sites such as TripAdvisor, Facebook & Google also boasts outstanding reviews.
The Restaurant and Cocktail Bar are fully equipped. They are immaculately presented, with the high quality fit out offering the restaurant guests an enjoyable experience in a very tasteful atmosphere. The restaurant has recently undergone a major renovation. The cocktail bar has also been upgraded. All assets (fit out, plant & equipment, signage and building) are in excellent condition.
Commercial Property & Development Potential
Benefit from the advantages in investing in commercial property. According to the NSW Valuer General’s Report on NSW Land Values at 1 July 2016 (published 13 January 2017), commercial land values in the Illawarra region increased by 8.2% over the 12-month period to 1st July 2016. Whilst the building is in very good order and perfect for its current use as a restaurant, the property has development potential (subject to council approval).
Property Code: 162
