227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010
227 Victoria Street Darlinghurst, NSW 2010

227 Victoria Street Darlinghurst, NSW

Sold

Property Type Retail
Asking Price Sold
Floor Area 300 m²
Land Area

Iconic Inner City Retail Investment

Capitalise on this incredible retail investment opportunity in Darlinghurst. One of Sydney's most iconic café and restaurant establisments. This Victoria Street space is home to the famous dining experience known as Tropicana Caffé, whom have been successfully trading from this location since 1980 and is also the birthplace of the short film festival, Tropfest.

This offering occupies the entire ground floor fronting Victoria Street, in a well-developed mixed-use building and is prominently set in a prized position occupying a 19 metre frontage plus basement storage and onsite parking for 2 cars.

Showcasing industrial chic and an ultra-contemporary aesthetic, this inviting space presents a spacious 287 sqm open plan layout with a featured open plan, high end commercial kitchen and service area with stainless steel finishings throughout. The expansive interior design reveals a separate dishwasher/cleaning area and quality inclusions. There are also multiple storage rooms and a separate office (13 sqm). Additional highlights include undercover outdoor seating, tiled floors throughout, floor to ceiling windows, high industrial ceiling, ducted air conditioning and male/female and disabled bathroom amenities.

Tropicana Caffé is now currently owned and operated by Tonci Farac, the former creator of Wildfire Restaurant, Circular Quay and managed by Duncan Thompson, long term member of Bill Granger's restaurant stable. With their combined wealth of knowledge in the hospitality industry they have the ability to take the business a further three decades into the future.

Surrounded by some of Sydney's best known businesses and well known cafes such as Bills, A Tavola, Bar Collizzi, Lattaria, Mad Pizza, Grilled Burgers, Spice I Am and Malabar, this rare investment opportunity appeals to the savvy investor. Placed in the heart of Darlinghurst and a stroll to Potts Point, Surry Hills, Woolloomooloo Wharf, Rushcutters Bay Park and Kings Cross Station this is an opportunity not to be missed.

- Retail investment with long lease to an established business and very experienced operators (10 years with two 10 year options, 30 years in total)
- Passing net income of $259,747.15 per annum plus GST
- On premises licence, approved to trade from 5am to 1am, 7 days a week.
- Expansive 287 sqm layout with appealing aesthetics, large commercial kitchen with grease trap/ exhausting facilities and male/female and disabled bathroom amenities
- 19m frontage on Victoria Street with parking for 2 cars
- Ample basement on-title storage (13 sqm), along with additional exclusive-use rights storage