North Shore Restaurant Bar Cafe Gastro Pub.

North Shore City

$750,000

Proposed Usage
Tourism & Hospitality
Description:
Property ID
1c0w8j1



Extraordinary site and beautiful set-up.

This is a fantastic opportunity for someone to take over this magnificent North Shore space. It is bright and airy with a number of different seating areas, a fantastic bar area and a huge open kitchen. There are massive doors leading out to a sunny outdoor seating area on the pavement.

I sold this to the current owner and so I know it well. They took what was already a great fit out invested heavily to bring it bang up to date. Absolutely no expense was spared here. So much so that the depreciated asset value is a little over $1m!

Whilst the current trading name does not form part of this sale, the owner is doing around $2m per annum in sales and, with a rent of $143,000 per annum there is good money to be made here.

The space is great with approx. 412m2 in total. 360m2 inside and the rest is courtyard and storage.Lease to March 2030!WaterviewsGreat rent for this spaceEnviable North Shore locationStunning fit out with a great chef's kitchen

If you are smart operator with a concept to go in here - be it a restaurant, gastro pub, cafe bar or other, this is just fantastic buying. There is absolutely no way you could set this up again for anything near this asking price.

With that fabulously long lease a secure future is assured.

Asking just $750,000 plus stock (if any)

Reference: EL01129
Ref: EL01129
Timestamp: 20171211054529

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