Located in the heart of Bayswater Road and Kings Cross entertainment precinct, this outstanding Inner City investment is positioned in one of the best known drink and dine destinations the CBD fringe has to offer. This property is tenanted to a modern Mexican restaurant ”Chula” on a secure long lease until May 2022 with a further 5 year plus 5 year option. It yields a high net rental return of $186,926.52 per annum.

This impressive retail investment commands attention from the street and caters to indoor and outdoor drinking and dining.

It possesses a comfortable interior layout, with bi-folding windows opening out onto a private terrace overlooking the street and boast two street frontages. It has a good sized and functional commercial kitchen along with ample indoor seating and separate areas for private functions and groups. The Mexican inspired rustic internal fit-out features an abundance of natural light, polished concreate flooring throughout, stone and recycled timber bench tops, with wood and wrought iron furnishings with vivid colours throughout. With a quality kitchen and appliances, the ample refrigeration and glass counter storage provide additional space. Further highlights include rear lane access to a loading dock area for deliveries.

This impressive investment prospect appeals to the competitive retail market and showcases all that the inner city has to offer.

KEY FEATURES:
- Net income $186,926.52 per annum
- Fixed rental growth of 4% per annum
- Comfortable 259 sqm open internal layout
- Additional 45sqm outdoor seating/terrace
- Warm and inviting quality rustic Mexican inspired dcor
- Stainless steel finished kitchen, stone and timber benchtops
- Air conditioning, high ceilings
- Ample storage plus extensive refrigeration
- Valuable loading dock and rear lane access
- Valuable DA and liquor licence

*Approx

For more information please contact the Exclusive Agent:
James Griffiths
Mobile: 0415 371 668