Located in the exclusive Balmain East precinct perfectly positioned on Darling Street, is this stunning commercial investment property.

Currently leased as a restaurant trading as Cappello, the property showcases classic old charms featuring exposed sandstone walls with stylish modern interiors.

On the ground floor is the restaurant and commercial kitchen, with the first floor offering additional dining and amenities. The property boasts a lovely rear courtyard with right of way access to Duke Street and is in close proximity to the ferry and bus services.

Features Include:
* Recently renovated building
* Currently 2 story terrace style restaurant building
* 3x3x3 year lease
* New lease from 12.04.13
* Currently Leased until 11.04.16
* 3 month gross rental bond
* NLA 102m2
* Land area 121m2

Gross rental $79,930.96 + GST per annum
Net Income $65,485.96 per annum(approx)

The property has substantial depreciation allowances.